What’s News in Markets: Walmart Slumps, Omnicom Rallies, Moderna Comeback

Speaker 00:00

[upbeat music] When was the last time you went on a journey that changed you? At a time when booking trips has never been easier, discerning travelers are looking to in-the-know experts for deeper, richer experiences. That's why so many turn to luxury travel specialist Abercrombie & Kent, for trips that run from active adventures to wilderness escapes, to create memories that last a lifetime. To find out more, visit abercrombiekent.com.

Jack Pitcher· Host0:25

Hey, listeners, Your Money Briefing is on a break, but it will be back with more personal finance information for you in the future. Until then, here's the news moving markets this week. [upbeat music] Hey, listeners, it's Saturday, February twenty-first. I'm Jack Pitcher 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 get to it. Stocks were relatively muted for the shorter holiday week, but there was no shortage of action under the surface, thanks to a big slate of corporate earnings. Investors seem to be regaining some confidence in tech and growth stocks, both of which have sold off for much of the year, over fears that rapid advancements in AI are gonna render some software companies obsolete. But this week, communication services and information technology were the S&P 500's best performing sectors. Meanwhile, consumer staples companies, which are often seen as a safe haven, dropped sharply. That signals a rotation away from the fear trade and