What’s News in Markets: Soup Stock, AI Angst, Lululemon Rebound

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0:37Until then, here's the news moving markets this week.

0:43Hey, listeners. It's Saturday, December 13th. 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. This week was Fed Week, everybody. the Federal Reserve announced its interest rate cut on Wednesday, a quarter-point cut. The central bank decision was a big headline of the week. We also saw the continuing trend of AI anxiety, concerns about the stability and longevity of the artificial intelligence boom, which weighed on technology stocks. I'll highlight a couple of those stocks in a little bit.

1:23The Nasdaq and S &P 500 both ended lower for the week, while the Dow managed to stay in the green. bolstered by the Fed's rate cut. The Dow notched a weekly gain of roughly 1%. The S &P lost 0.6%, and the Nasdaq fell 1.6%.

1:45It's that time of year again, guys. Christmas is around the corner. The weather's getting colder. It is what I call, and foodmaker Campbell's calls, the critical soup season. Critical for me on a personal level as a known soup enthusiast, critical for Campbell's vis-a-vis its revenue and earnings from its canned soup business, which is still getting pressured by President Trump's tariffs. On Tuesday, the company reported top and bottom line declines, citing in part tariff-related price increases. And the report drained Campbell's shares, which dropped 5.2 % on Tuesday. But the stock paired some of its losses and ended the week down 2.9%.

2:33Now let's circle back to the tech stocks that were weighed down by continued concern about the AI trade. The two in focus, Oracle and Broadcom, which both posted quarterly reports. In its report, Oracle missed expectations for its revenue and operating income, and it raised its spending forecast, fueling investor concern that its AI aspirations will take longer to pay off. Oracle shares sank 11 % on Thursday, dragging the Nasdaq down into the red for the day and putting into stark relief how the sentiment around the brave new world of AI has shifted. After all, it was just back in September that Oracle posted a one-day gain of 36 % as the AI trade was boosting markets to records this year.

3:20Then, chip designer Broadcom followed a similar trajectory on Friday after its own earnings report, in which its rapid sales growth didn't outweigh concerns over its sales forecasts and contracts backlog. And Broadcom shares sank 11 % on Friday. On a weekly basis, Oracle lost about 13%, and Broadcom lost about 7.8%.

3:48Last but not least, let's talk Lululemon. The athleisure stock has had a rough year, but on Friday, shares were riding high after the company announced the departure of its CEO, and after the Wall Street Journal reported that its estranged founder is eyeing a proxy fight to address the brand's so-called loss of cool. Let's take a look. The company's U.S. sales have stumbled as of late, and so has its stock price. Year-to-date, Lululemon shares are down roughly 46 % as of Friday's close, compared with the S &P 500's year-to-date gain of roughly 16%. But Friday's news helped the stock turn things around, at least for the day, with Lululemon shares jumping 9.6 % and ending the week with a gain of 7.9%.

4:37And now you know what's news in markets this week. You can read about more stocks that moved on the week's news in The Score, my column in the Wall Street Journalist Exchange section. Today's show was produced by Jessica Fenton with supervising producer Jana Heron. I'm Francesca Fontana. Have a great weekend, and I'll see you next Saturday. you can't reason with the sun trust us we've tried this summer it's time to put that angry

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