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WSJ Minute Briefing

Tech Stocks Weather a Market Retreat

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1671 Ratings

🗓️ 7 May 2026

⏱️ 3 minutes

🧾️ Download transcript

Summary

SoftBank shares rallied on investor optimism in AI. Plus: Whirlpool stock tumbles, citing a “recession-level industry decline” due to the Iran war.  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. Amazon Quick changes that.

0:06.1

One intelligent assistant that connects all your company's data and turns answers into action instantly.

0:12.5

AWS.com slash quick.

0:18.0

Here's your closing bell brief for Thursday, May 7th. I'm Catherine Sullivan for the Wall Street Journal.

0:24.7

U.S. stocks pulled back from their recent record highs. The Dow was down 0.6 percent, and the S&P 500 was down 0.4%.

0:32.7

Most sectors saw declines as traders monitored news of possible Middle East peace talks.

0:38.7

Tech stocks showed more resilience, but the NASDAQ still ended down a tenth.

0:43.6

Treasury yields moved higher while oil prices fell about 1%.

0:47.5

Among individual companies, soft bank shares rallied 18% in Tokyo, marking their biggest gains since the pandemic.

0:56.4

Investors viewed the stock as a successful bet on artificial intelligence.

1:01.0

Whirlpool shares tumbled 12% after the company cut its yearly profit outlook.

1:06.4

Management said the ongoing war in Iran is hurting the bottom line of the appliance maker.

1:11.8

Armholding shares dropped 10% during the session. The chipmaker warned it lacks the supply

1:17.6

to meet high demand for its new products. Shares in Shell retreated nearly 3% today.

1:23.9

The energy giant warned that the war in Iran is leading to lower gas production.

1:28.7

Snap shares slipped 2% after a deal with artificial intelligence startup perplexity fell through.

1:35.3

The scrapped partnership ended hopes for a boost to the social media company's profitability.

1:40.8

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.

1:50.2

We'll have a lot more coverage of the day's news on the WSJ's What's News podcast?

1:55.1

You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.

2:00.9

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

2:06.0

That's the problem Amazon Quick was built to solve. Quick is an intelligent workplace

...

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