What’s News in Markets: Intel Slides, Gold Surges and the TACO Trade Is Back
1/24/20264 min
How did the market react to President Trump’s proposed Greenland takeover? And why wasn’t the AI hype enough to save Intel’s stock price? Plus, why investors just can’t get enough gold these days. Host Hannah Erin Lang discusses the big gest 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 00:00
So what do you want?
Speaker 10:01
What do I want? I wanna use my degree for good, and in general.
Speaker 20:05
I kinda meant like a, a muffin or a latte.
Speaker 00:09
I want a job with a generous work from grocery store policy.
Speaker 30:13
[machine beeping] You are here a lot.
Speaker 00:15
Debbie, please, I'm working.
Speaker 10:16
I want a job that will change the world.
Speaker 40:18
Uh, ma'am, this is a drive-thru.
Speaker 10:20
And some nuggets.
Speaker 50:22
With LinkedIn's new AI-powered job search, you can find roles that match your unique skills, so you can dare to discover more. Visit linkedin.com/jobs to learn more.
Speaker 60:30
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.
Hannah Erenlang· Host0:39
[upbeat music] Hey, listeners, it's Saturday, January 24th. I'm Hannah Erenlang 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. So let's get into it. It was a turbulent week for markets. Stocks slumped on Tuesday after President Trump stepped up his efforts to take over Greenland. The president also threatened new tariffs on several European countries if he didn't get his way. Equities and the dollar fell, while bond yields rose. But stocks rebounded on Wednesday and Thursday. The president said he had reached the framework of a Greenland deal with NATO, and also walked back the threat of new trade restrictions. It was another example of the so-called taco trade, as it's come to be known on Wall Street. It's essentially an acronym for the phrase, "Trump always chickens out." This dynamic has played out more than once