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WSJ Minute Briefing

Dow Falls, Breaking Strong Start to the Year

WSJ Minute Briefing

The Wall Street Journal

News, Business News

4.1672 Ratings

🗓️ 7 January 2026

⏱️ 3 minutes

🧾️ Download transcript

Summary

Dips in defense, home-building and bank stocks weighed on the index. Plus: Ventyx Biosciences stock rallies after acquisition talks. 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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0:18.3

Take us on home, Ashley from Carraway.

0:20.2

If we did have Slack tomorrow,

0:22.2

I would explode. Well, let's not let that happen. Visit Slack.com slash podcast to get 50%

0:27.7

of Slack Business Plus. Here's your closing bell brief for Wednesday, January 7th. I'm Catherine Sullivan for the Wall Street Journal.

0:40.4

U.S. stocks finished mostly lower today as investors balanced a resurgence in technology shares

0:45.9

against losses among home builder, big banks, and defense stocks. The Dow dropped 0.9%, snapping a three-day winning streak that had marked its strongest start to a new year in over two decades.

0:58.0

The S&P 500 fell 0.3%.

1:00.7

The NASDAQ managed a gain of 0.2%, while the broader market felt the weight of falling energy prices

1:07.1

and a weaker-than-expected private sector jobs report.

1:12.1

Among individual companies,

1:17.7

homebuilder stocks tumbled during afternoon trading. Investors sold off the sector following social media posts from the president proposing to ban large investors from buying single-family homes,

1:23.4

a move that markets worry will negatively impact corporate profits. Ventech's bioscience's shares surged for a second consecutive day, ending up nearly 37%.

1:33.3

The rally followed reports that Eli Lilly is in advanced discussions to acquire the biotechnology company for more than $1 billion.

...

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