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WSJ Minute Briefing

Stocks Rise as Pressure to Reopen Strait of Hormuz Intensifies

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1671 Ratings

🗓️ 16 March 2026

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus: Nvidia shares were up as the CEO gave a keynote speech at the company’s AI conference. And Dollar Tree stock climbed after the company reported quarterly profits. 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

Access to affordable credit helps me pay my employees, but I don't really need it.

0:05.0

Infliction is killing me!

0:08.0

But who cares? Big retailers are making record profits!

0:12.0

That's why we support the Durban Marshall Credit Card Bill!

0:15.0

See? Banks and credit unions help small businesses make payroll.

0:18.0

This bill would cut the vital resources they need.

0:24.4

While increasing megastore profits, they deserve it.

0:25.1

Don't they?

0:29.1

Tell Congress, stop the Durban Marshall money grab for corporate megastores.

0:31.2

Paid for by the Electronic Payments Coalition.

0:41.5

Here's your closing bell brief for Monday, March 16th. I'm Catherine Sullivan for the Wall Street Journal.

0:49.8

U.S. stocks rose today as oil prices pulled back from recent highs. The Dow climbed 388 points or 0.8%. The S&P 500 closed up 1%, and the NASDAQ led the major indexes with a 1.2% gain.

0:57.7

International crude prices retreated as efforts intensified to reopen the Strait of Hormuz.

1:02.7

Investors are now looking ahead to interest rate decisions from several global central banks.

1:08.0

Among individual companies, NVIDIA shares rose 1.6% today. Chief executive Jensen Wong delivered

1:14.5

a keynote speech at the company's artificial intelligence conference. Meta shares rose over 2%

1:19.9

following a report from Reuters that the company is planning sweeping layoffs. The Facebook parent

1:24.9

also signed a large deal for artificial intelligence infrastructure.

1:29.2

Dollar Tree shares climbed nearly 7% after the retailer reported a quarterly profit.

1:35.1

The company reached that milestone despite issuing a cautious outlook for the future.

1:40.1

Micron Technology shares increased nearly 4% in morning trading.

1:44.4

The memory chipmaker announced it finished the acquisition of a production site in Taiwan.

...

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