What’s News in Markets: AI Price Tag, New Oil Rules, Short-Squeeze Payback

Ryan Reynolds0:00

There's a lot of hype and a lot of good news already priced into the marketplace today.

Speaker 10:03

We're entering a period of so much more change that it could be a tailwind for active management.

Christine Kashkari· Soundbite0:08

Women are now in the protagonist seat for the family's financial story.

Joe Davis· Soundbite0:13

I'm Joe Davis.

Christine Kashkari· Soundbite0:14

And I'm Christine Kashkari, and this is season two of Better Vantage by Vanguard, an eight-part video podcast series hosted by Custom Content from WSJ and Vanguard.

Speaker 40:23

All investing is subject to risk, including possible loss of principal. This content was created by Custom Content from WSJ, a unit of The Wall Street Journal advertising department.

Imani Moise· Host0:31

[upbeat music] Hey, listeners, it's Saturday, May 2nd. I'm Imani Moisse 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 dive in. Markets extended a multi-week run of record highs, powered by a wave of earnings showing corporate America is still minting money even in the face of war, higher oil prices, and more cautious consumer spending. No biggie. Both the S&P 500 and NASDAQ finished April with their biggest monthly gain since 2020 and kicked off May by hitting fresh records. All three major indexes finished the week higher. The NASDAQ was up one point one percent, the S&P rose point nine percent, and the Dow inched up point six percent. Big tech is making big money on AI, but they aren't the booming industry's biggest winners.