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WSJ Minute Briefing

Stocks Surge After Iran Opens Strait

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1671 Ratings

🗓️ 17 April 2026

⏱️ 3 minutes

🧾️ Download transcript

Summary

The S&P 500 and Nasdaq both ended at new highs. Plus: QVC shares drop after the company files for bankruptcy. And Netflix shares plummet after issuing disappointing guidance. 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.

0:41.6

Here's your closing bell brief for Friday, April 17th. I'm Catherine Sullivan for the Wall Street Journal.

0:47.7

U.S. stocks finished at fresh records today. optimism regarding a peace deal with Iran drove broad market gains. The S&P 500 and the NASDAQ both closed at all-time highs, up 1.2 and 1.5 percent, respectively.

0:57.1

The Dow surged 1.8 percent today and ended at its highest close since before the war.

1:03.4

A renewed appetite for technology shares also fueled the stock rally.

1:08.0

Elsewhere, oil prices fell sharply after Iran declared the Strait of Hermuz was now open,

1:13.0

but the U.S. naval blockade of Iranian ports remains in place. Among individual companies,

1:19.1

Royal Caribbean shares rose over 7 percent. The cruise operator benefited from hopes for a ceasefire

1:24.9

in the Middle East. Netflix stock slid nearly 10% today.

1:29.5

The streamer issued disappointing guidance,

1:31.6

and chairman and co-founder Reid Hastings is leaving the board in June.

1:36.4

State Street shares rose 2.5%.

1:39.0

The firm reported higher profit due to growth in foreign exchange trading fees.

...

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