Charlie Grant
speaker
422 appearances
10 recordings
1 series
first heard Jul 2017
last heard Apr 2024
Charlie Grant’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · What’s News in Markets: Tesla Shift, Board Games, Big Oil · 27 Apr 2024
podcast
Hey listeners, it's Saturday, April 27th.
I'm Charlie Grant for The Wall Street Journal, filling in for Francesca Fontana, 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.
The stock market was fairly calm for the first half of the week.
Then, things got a little wild.
First, Facebook parent meta platforms tumbled after disappointing earnings, helping spark a tech sell-off.
Then, Thursday morning, first quarter gross domestic product came in at just 1.6%.
nearly a full percentage point below Wall Street expectations.
Worse, inflation came in higher than expected for a third month in a row, putting investor hopes of interest rate cuts seemingly out of reach.
Stocks had an ugly spill on Thursday morning.
At one point, the Nasdaq was down by more than 2%.
But the plot had another twist, this time for the better.
Strong earnings from Google parent Alphabet and Microsoft helped brighten the mood.
The Nasdaq, Dow Jones and S&P 500 all finished the week with a bang,
S&P 500 and Nasdaq each had their best week since November.
Still, April is shaping up to be a soggy month overall.
All three major indexes are down 2% or more in April, with just two more trading sessions remaining in the month.
Big tech was hardly the only show in town, though.
About 30% of S&P 500 companies reported earnings this week, and there were some major bright spots.
It was a strong week for auto stocks.
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