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WSJ What’s News

What’s News in Markets: Clarity Act, Chips’ Dip, Klarna’s Pivot

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 16 May 2026

⏱️ 5 minutes

🧾️ Download transcript

Summary

What drove an up-and-down week for chips stocks like Intel, Nvidia, Micron and Qualcomm? And what kind of clarity did crypto traders get from the Clarity Act advancing in the Senate? Plus, how are investors liking Klarna’s pivot away from “buy now, pay later”? Host Jack Pitcher discusses the biggest stock moves of the week and the news that drove them. Sign up for the WSJ's free Markets A.M. newsletter Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:32.9

Hey listeners, it's Saturday, May 16th.

0:36.6

I'm Jack Pitcher for the Wall Street Journal, and this is What's News and Markets,

0:41.8

our look at the biggest stock moves of the week and the news that drove them.

0:46.1

Let's get to it.

0:48.0

What started out as a strong week, finished on a bit of a down note.

0:52.8

Rising bond yields around the world are sapping

0:55.2

investors' appetite for stocks, and oil prices are still climbing, reigniting fears about

1:00.8

inflation. All three major indexes fell more than 1% Friday. For the week, the Dow

1:06.9

dropped 0.2%, the S&P inched 0.1% higher, and the NASDAQ dropped a tenth of a percent.

1:17.6

It was a hectic week for chip stocks, like Intel, Nvidia, Micron, and Qualcomm.

1:25.6

To give you a sense of the drama, here are some actual quotes

1:29.2

from our coverage throughout the week. On Monday, enthusiasm for artificial intelligence continued

1:34.6

to drive the market. On Tuesday, a reversal for the semiconductor sector brought the market to a

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