What’s News in Markets: Tech Winners and Losers, Fed Fallout, Taco Bell Rebound
Summary
WSJ’s Shraddha Dinesh reviews a volatile week driven by Fed rate hike bets, tech earnings, and restaurant IPOs. Microsoft and Amazon surged on strong results, while Meta and Apple faced record market cap losses. Jersey Mike’s IPO saw initial drops, and Yum! Brands recovered from a Taco Bell health scare. Universal Music Group shares plummeted 25% on disappointing earnings.
Topics discussed
Sponsor: ReliaQuest agentic defense
Intro: Market turbulence and weekly themes
Fed officials vote to raise rates; yields rise
Tech stocks: Microsoft and Amazon surge, Meta and Apple fall
Food sector: Jersey Mike's IPO and Taco Bell recovery
Universal Music Group earnings miss and stock drop
Outro and credits
Sponsor: General Fusion energy
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