What’s News in Markets: The War Trade, Megadeals and a Sneaker Slowdown

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[upbeat music] 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.

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[upbeat music] Hey, listeners. It's Saturday, April fourth. I'm Imani Moise 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 a short week for markets. Major stock exchanges were closed for Good Friday. Stocks seesawed throughout the week as they digested mixed signals about the conflict in Iran. In the end, all three major stock indexes finished the week higher. The Nasdaq led the way, closing up four point four percent on Thursday. Both the S&P five hundred and Dow Jones Industrial Average were also up about three percent for the week. Brent Crude, the international oil benchmark, surged nearly eight percent this week to finish at one hundred and nine dollars a barrel as hopes for a quick end to the Iran conflict faded. But higher commodity prices didn't translate to gains for oil stocks. Energy was the only sector in the S&P five hundred to finish the week lower, falling more than five percent as investors worried about long-term supply. Bond markets also closed early this week, but not before the latest jobs report gave bond yields a small boost.