What’s News in Markets: SpaceX’s Rocky Flight, Oil Slides, Fed Fallout

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Imani Moise· Host0:19

Hey, listeners. Your Money Briefing is still on a break, but we'll be back with more personal finance information for you in the future. Until then, here's the news moving the markets this week. [upbeat music] Hey, listeners. It's Saturday, June 20th. I'm Imani Mowese for the Wall Street Journal, and this is What's News in Markets, our look at the biggest stock moves of the week and the news that drove them. Let's dive in. It was a short week for markets due to the Juneteenth holiday, but there was no shortage of market-moving headlines. Investors cheered the strongest sign yet that the US and Iran are moving closer to a lasting peace deal. They also got a reality check from the new chair of the Federal Reserve, who made it clear that he wants a less predictable and less talkative central bank. And in the background, the AI-fueled rally that has powered markets for much of this year showed no sign of slowing. Overall, markets ended higher. The tech-heavy NASDAQ led the way, gaining nearly two and a half percent for the week. The S&P 500 added point nine percent, while the Dow rose point seven percent. The peace deal between