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WSJ Minute Briefing

Defense Stocks Gain on a Mixed Day of Trading

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1671 Ratings

🗓️ 8 January 2026

⏱️ 2 minutes

🧾️ Download transcript

Summary

The Dow rose, while the Nasdaq dropped. Plus: Costco shares rally on strong end-of-year sales. Katherine Sullivan hosts. Sign up for the WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:33.3

Here's your closing bell brief for Thursday, January 8th. I'm Catherine Sullivan for the Wall Street Journal.

0:40.2

U.S. stocks saw a split performance today as investors rotated away from the technology sector and into other areas of the market.

0:47.7

The Dow was up 0.6% supported by strength in industrial and consumer companies.

0:52.7

Small cap stocks also had a standout session,

0:55.5

with the Russell 2000 index climbing 1.1% to reach its first record high in nearly a month.

1:02.4

Meanwhile, the NASDAQ dropped 0.4% as major semiconductor companies weighed on the tech-heavy index.

1:09.4

The S&P 500 finished the day nearly flat. Among

1:13.8

individual companies, Northrop Grumman shares rose over 2%. The move came after President Trump called

1:19.8

for a $1.5 trillion defense budget, which provided a boost to several weapons manufacturers

1:25.8

that had previously faced pressure from the

1:27.8

administration. Applied digital shares jumped 8% today. The artificial intelligence infrastructure

1:34.2

provider reported adjusted earnings that beat analyst expectations, while its revenue roughly tripled

1:40.3

over the last quarter. Costco shares rallied nearly 4% after the warehouse retailer reported strong results for the end of the year.

1:49.0

The company said its sales for December rose 8.5% compared to a year earlier.

1:54.3

And Jeffrey's shares slid over 5.5%.

...

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