Stocks Slide as Oil Prices Rise
WSJ Minute Briefing
The Wall Street Journal
4.1 • 671 Ratings
🗓️ 12 March 2026
⏱️ 2 minutes
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| 0:00.0 | When the tax year ends on the 5th of April, valuable tax allowances may be lost simply because people left things too late. |
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| 0:28.5 | Tax rules apply. |
| 0:33.6 | Here's your closing bell brief for Thursday, March 12th. I'm Catherine Sullivan for the Wall Street Journal. |
| 0:40.5 | U.S. stocks skidded today as oil prices reached $100 a barrel. The Dow dropped more than 700 points, |
| 0:47.4 | or about 1.6%. The S&P 500 fell 1.5%. And the NASDAQ fell more than 1.8%. Investors weighed a massive disruption |
| 0:58.1 | to global energy markets, and the International Energy Agency slashed its forecast for oil supply growth. |
| 1:04.7 | Concerns grew over a protracted conflict in the Middle East. Treasury yields remained high, |
| 1:10.0 | while the U.S. dollar advanced. |
| 1:12.6 | Among individual companies, Bumble shares soared by 34%. The dating app said its turnaround |
| 1:18.7 | strategy is yielding results. The progress should help the company stem revenue declines this year. |
| 1:24.7 | Petco Health and Wellness shares surged 35 The Pet Supplies Company expects a return to |
| 1:30.8 | annual sales growth. Firefly Aerospace stock rocketed nearly 13% today. The Defense Technology Company |
| 1:38.0 | successfully launched its Alpha Flight 7 mission. Atlasian shares slipped nearly 3% today. The software maker plans to cut 10% of its |
| 1:47.6 | workforce. These savings will fund further investments in artificial intelligence. And Dick's |
| 1:54.1 | sporting goods shares rose 1%. The retailer posted stronger than expected results. It also reported |
| 2:00.4 | progress on its turnaround of |
| 2:02.2 | Foot Locker. Heads up, an artificial intelligence tool helped us make this episode by creating |
| 2:08.0 | summaries that were based on WSJ reporting and then reviewed and adapted by an editor. We'll have a lot |
| 2:13.6 | more coverage of the day's news on the WSJ's What's News podcast. You can add it to your |
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