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Hey listeners, it's Saturday, January 10th. I'm Francesca Fontana for the Wall Street Journal,

and this is What's News and Markets,

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

Let's get to it.

The first full trading week of the new year is in the bag, and it certainly wasn't a boring one.

Traders had plenty to digest in the way of geopolitical uncertainty,

namely the ripple effects of U.S. action in Venezuela. During the week, President Trump promised to revive the country's oil industry, and the Wall Street Journal reported on plans by the White

House to dominate Venezuela's energy industry for years. And we saw how shares of American oil majors responded, like Chevron, whose shares ended up jumping 5.1% Monday in gaining 4% for the week.

And before we get to some other individual movers, let's see how the major indexes did.

All three notched gains for the week, with the Dow rising 2.3%,

the S&P 500 gaining 1.6%, and the NASDAQ increasing about 1.9%. Let's stay in Washington for a

moment here as another sector was making moves on news coming from the Trump

administration. Defense stocks. President Trump's call for a bigger defense budget sparked a rally

in Lockheed Martin and other U.S. weapons makers. Trump called for a $1.5 trillion defense budget,

...