Latest news with #DannyLewis
Wall Street Journal
5 days ago
- Business
- Wall Street Journal
Podcast: Tech Stocks Lead U.S. Indexes Higher
Nasdaq turns positive for the year for the first time since February. Plus: Nvidia overtakes Microsoft to become the largest U.S. company by market value. And shares of Dollar General surge after the discount retailer raises its outlook. 🎧 Listen: Danny Lewis hosts the Minute Briefing podcast.
Wall Street Journal
16-04-2025
- Business
- Wall Street Journal
Trade Restrictions on Chips Fuel Tech Stock Rout - Minute Briefing
Tech stocks fell after the U.S. said it will put export restrictions on chipmakers including Nvidia and AMD. Plus: shares of a transportation bellwether declined after reporting lower first-quarter income and revenue. Danny Lewis hosts. Sign up for the WSJ's free What's News newsletter.
Wall Street Journal
11-04-2025
- Business
- Wall Street Journal
U.S. Stocks End Tumultuous Week Higher - Minute Briefing
Full Transcript This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. Danny Lewis: Here's Your Closing Bell Brief for Friday, April 11th. I'm Danny Lewis for the Wall Street Journal. Major US indexes closed higher to end one of the most tumultuous weeks for the stock market in years. The Dow Jones Industrial Average rose 619 points to close at 40,212. The S&P 500 advanced 95 points and the Nasdaq gained 337 points. The day's rise in stocks highlighted the recent market turmoil unleashed by President Trump's trade war. After swinging from daily losses to gains and back again, the three major indexes ended up for the week. The Dow gained about 5%. The S&P rose 5.7%, and the Nasdaq advanced 7.3%. As for today, stocks turned higher after the White House said it has 15 trade deal offers on the table as other countries begin outlining potential agreements with the US, except notably for China, which raised its import duties on US-made goods to 125% to match Trump's recent taxes. The country's tariff authority said it would not raise them further, saying US exports are already now too costly for Chinese markets. Meanwhile, the president of the Boston Fed said the recent financial volatility doesn't seem to have affected investors' ability to trade, but the president of the New York Fed warned that the tariffs and reduced immigration could slow economic growth and push inflation as high as 4%. In individual companies trading today, market volatility has been a boon for some banks as their trading desks racked up revenue during the first quarter. JP Morgan Chase shares rose 4% after it said it brought in a record $3.8 billion in equities, trading revenue, and Morgan Stanley shares gained 1.4% after it reported equities' revenue was up 45% to $4.13 billion. And stock in some gold miners jumped as demand for haven assets, drove gold prices to new records. Newmont shares gained 7.9% and shares of Barrick Gold rose 7%. We'll have a lot more coverage of the day's news on the WSJ's What's News Podcast. You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.
Wall Street Journal
28-03-2025
- Automotive
- Wall Street Journal
Inflation Data, Tariff Worries Weigh on Stocks - Minute Briefing
Plus, automaker shares extend losses. And the Coreweave IPO disappoints in a stumble for the market for new public listings. Danny Lewis hosts. Sign up for the WSJ's free What's News newsletter.
Wall Street Journal
03-03-2025
- Business
- Wall Street Journal
U.S. Stocks Tumble After President Trump Confirms North American Tariffs - Minute Briefing
Trump said 25% import taxes on goods from Canada and Mexico will go into effect on Tuesday. Plus: investors turned to gold, silver and copper amid concerns about unstable markets. And Kroger stock fell after its CEO resigned amid an investigation into his personal conduct. Danny Lewis hosts. Sign up for the WSJ's free What's News newsletter. This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. Danny Lewis: Here's your closing bell brief for Monday, March 3rd. I'm Danny Lewis for the Wall Street Journal. U.S. stocks tumbled after President Trump confirmed that he would impose 25% tariffs on imports from Canada and Mexico. The Dow Jones Industrial Average fell 650 points to close at 43,191. The S&P 500 lost 105 points, and the Nasdaq gave up 497 points. The tariffs on Canada and Mexico are slated to start tomorrow. Trump dashed investors' hopes for a last-minute reprieve hours ahead of the deadline, telling reporters that there was "no room left for negotiations". Trump has said he also plans to increase import taxes on goods from China by another 10% on top of the 10% duties he imposed in February and other tariffs already in place. Meanwhile, new data released this morning showed supply costs for U.S. manufacturers jumped the last month as Trump's tariff threats raised the specter of higher inflation. The Institute for Supply Management says the Purchasing Managers' Index ticked down more than expected from 50.9 in January to 50.3, but it remained above the 50 point mark, which separates growth from contraction. And investors looking for a haven amid uncertain markets rushed to put money in metals. Gold futures rose 1.9%, silver gained 2.6% and copper added 1.4%. Also, shares of supermarket chain Kroger fell 3% after its CEO resigned following a board investigation and his personal conduct. The company said Rodney McMullen's conduct was not related to its business, but was inconsistent with its ethics policy. McMullen couldn't be reached for comment. We'll have a lot more coverage of the day's news on the WSJ's What's News Podcast? You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.
