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WSJ Minute Briefing

Stocks Fall as Tensions in Strait of Hormuz Escalate

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1671 Ratings

🗓️ 4 May 2026

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus: eBay shares rise after an offer from GameStop CEO to buy the e-commerce company. And Norwegian Cruise Lines stock falls after cutting its outlook.    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

Your team spend more time searching for information than using it.

0:04.1

Amazon Quick changes that.

0:06.1

One intelligent assistant that connects all your company's data

0:09.1

and turns answers into action instantly.

0:12.5

AWS.com slash quick.

0:18.1

Here's your closing bell brief for Monday, May 4th. I'm Catherine Sullivan for the Wall Street Journal.

0:24.5

U.S. stocks fell today as military tensions escalated in the Middle East. The Dow dropped 1.1% to lead the decline.

0:31.7

The S&P 500 fell 0.4%, and the NASDAQ fell 0.2%. Every major sector in the S&P 500 finished in the red except for energy.

0:42.7

Investors moved into oil after strikes on a crucial port in the United Arab Emirates.

0:48.2

Brent crude futures rose 5.8% to their highest level since June 2022.

0:58.3

Among individual companies, eBay shares jumped 5% today.

1:04.9

The move followed an unsolicited $56 billion buyout offer from GameStop CEO Ryan Cohen.

1:13.0

GameStop stock, meanwhile, slipped 10%. Norwegian Cruise line shares slid 9% during the session.

1:18.3

The operator cut its outlook and said consumers are rethinking their upcoming travel plans.

1:23.1

Shares in Coinbase Global advanced 6% as Bitcoin prices climbed.

1:28.2

Sentiment improved following a new Washington compromise on stable coin yield rules.

1:33.7

Tyson Foods shares rose 8% after its quarterly profits beat expectations.

1:37.7

The meatpacker also raised its financial outlook for the remainder of the year.

1:45.5

And Mercedes-Benz shares fell 3% after President Trump threatened higher tariffs on automobiles from the European Union.

1:51.0

Heads up, an artificial intelligence tool helped us make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor. We'll have a lot more coverage

1:56.0

of the day's news on the WSJ's What's News podcast. You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.

2:04.9

How much of your workday is actually work and how much is just hunting for information?

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