What’s News in Markets: Clarity Act, Chips’ Dip, Klarna’s Pivot
5/16/20265 min
What drove an up-and-down week for chips stocks like Intel, Nvidia, Micron and Qualcomm? And what kind of clarity did crypto traders get from the Clarity Act advancing in the Senate? Plus, how are investors liking Klarna’s pivot away from “buy now, pay later”? Host Jack Pitcher discusses the biggest stock moves of the week and the news that drove them.
Sign up for the WSJ's free Markets A.M. newsletter
Learn more about your ad choices. Visit megaphone.fm/adchoices
Transcript preview
First 90 secondsSpeaker 10:00
Trading at Schwab is now powered by Ameritrade, giving you even more specialized support than ever before. Like access to the Trade Desk, our team of passionate traders ready to tackle anything from the most complex trading questions to a simple strategy gut check. Need assistance? No problem. Get twenty four seven professional answers and live help, and access support by phone, email, and in-platform chat. That's how Schwab is here for you to help you trade brilliantly. Learn more at schwab.com/trading.
Speaker 20:29
Hey, listeners, your Money Briefing is still on a break, but we'll be back with more personal finance information for you in the future. Until then, here's the news moving the markets this week.
Jack Pitcher· Host0:39
[Instrumental music playing] Hey, listeners, it's Saturday, May sixteenth. I'm Jack Pitcher 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. What started out as a strong week finished on a bit of a down note. Rising bond yields around the world are sapping investors' appetite for stocks, and oil prices are still climbing, reigniting fears about inflation. All three major indexes fell more than one percent Friday. For the week, the Dow dropped point two percent, the S&P inched point one percent higher, and the Nasdaq dropped a tenth of a percent. It