What’s News in Markets: Persian Gulf Oil Damage, Defense Stocks Under Fire, AI Revivals

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Imani Moise· Host0:29

[instrumental music plays] Hey, listeners, it's Saturday, April twenty-fifth. I'm Imani Mois 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. It was another week of records for markets. The S&P five hundred and NASDAQ hit new highs. Strong tech results overshadowed both ongoing anxiety over the war and surging oil prices. But the rally wasn't smooth. Stocks swung throughout the week as headlines about the conflict in the Middle East shifted, and investors weighed a mixed batch of corporate earnings. Still, the NASDAQ rose one point five percent to a new record, driven by tech companies cashing in on AI. The S&P five hundred added about half a percent, and the Dow Jones Industrial Average slipped point four percent. Energy stocks were one of the biggest winners in the S&P five hundred, rising about three percent over the week as investors bet disruptions