Francesca Fontana
speaker
2,691 appearances
52 recordings
1 series
first heard Aug 2017
last heard Feb 2025
Francesca Fontana’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
It's Saturday, January 18th.
I'm Francesca Fontana 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.
Welcome back, everybody, and apologies in advance for any hoarseness on my part.
I'm getting over being under the weather thanks to the frigid temperatures we've been having here in New York.
And yes, I had a cold, but stocks were red hot this week, mostly.
On Wednesday, the Dow, S&P 500, and Nasdaq all had their best trading day since the big post-election rally back in November, thanks to new inflation data that's been stoking optimism for rate cuts and big banks setting a strong tone for earnings season.
More on that in a second.
But in came the cold on Thursday.
All three indexes ended lower, weighed down by declines in tech stocks.
But on Friday, stocks warmed right back up and the major indexes notched their best week since that post-election rally.
On a weekly basis, the Dow gained 3.7%, the S&P 500 added 2.9%, and the Nasdaq rose 2.5%.
Let's circle back to those big banks, which posted surging quarterly profits on Wednesday thanks to a rebound on Wall Street.
JPMorgan Chase said its net income rose 50%, while Goldman Sachs said its net income more than doubled, and Citigroup swung to a profit.
We got similar readings from other big players this week, too, like Wells Fargo, Morgan Stanley, and Bank of America.
Why the totally gangbusters numbers?
Because, for one, banks are seeing this optimism from their corporate clients about the economy and the incoming Trump administration, which is spurring a big return to dealmaking, fundraising, and trading.
So how'd the stocks do?
Well, Goldman, Wells Fargo, and Citi saw their stocks each close at least 6% higher on Wednesday, with Goldman ranking among the top performers in the Dow.
And on the week, Goldman gained nearly 12%, Wells Fargo rose more than 10%, and Citi added 12%.
Showing 201–220 of 2,691 · page 11 of 135
← Previous
Next →