What’s News in Markets: Cease-Fire Stocks, Airlines Soar, Intel and Elon

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Hey, listeners, Your Money Briefing is on a break, but it will be back with more personal finance information for you in the future. Until then, here's the news moving markets this week.

Jared Mitovich· Host0:27

[upbeat music] Hey, listeners, it's Saturday, April eleventh. I'm Jared Medovich 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. Investors kept their eyes on the Middle East this week, which began with increasingly dire warnings from President Trump that he would escalate the war in Iran. Stocks stayed mostly muted as traders bet on another taco scenario where Trump backs away from stated threats at the last minute. That's what they got Tuesday evening when the president announced a two-week ceasefire with Iran only ninety minutes before his deadline. News of a ceasefire sent the major indexes soaring, though the truce is on shaky ground due to Israel's continued attacks on Lebanon. Traders are also watching the outcome of talks scheduled for today between Tehran and Washington and Pakistan. In the meantime, markets got a read on how surging oil prices from the war are affecting everyday prices and souring consumer sentiment. On Friday, the March CPI report showed prices up three point three percent