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WSJ What’s News

What’s News in Markets: Persian Gulf Oil Damage, Defense Stocks Under Fire, AI Revivals

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 25 April 2026

⏱️ 5 minutes

🧾️ Download transcript

Summary

When will the oil shock fade? And why are defense companies losing ground despite booming demand? Plus, how AI is giving legacy tech a second act. Host Imani Moise 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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0:00.0

I think the potential of Agenic is to rethink how work gets done overall.

0:05.0

It challenges all sorts of traditional orthodoxies around how organizations execute the work at hand.

0:11.3

That's Jason Gersatus, CEO of Deloitte U.S., talking about the transformational potential of A.Gentic AI.

0:17.9

Join him later to learn why agents are a game changer for businesses across industries.

0:26.0

Hey listeners, it's Saturday, April 25th. I'm Yomani Mouise for the Wall Street Journal.

0:31.6

And this is what's news and markets. Our look at the biggest stock moves of the week and the news that

0:36.2

drove them. Let's dive in.

0:38.3

It was another week of records for markets.

0:41.2

The S&P 500 and NASDAQ hit new highs.

0:44.3

Strong tech results overshadowed both ongoing anxiety over the war and surging oil prices.

0:50.3

But the rally wasn't smooth.

0:52.4

Stock swung throughout the week as headlines about the conflict in the Middle East shifted,

0:56.0

and investors weighed a mixed batch of corporate earnings.

0:59.0

Still, the NASDAQ rose 1.5% to a new record driven by tech companies cashing in on AI.

1:06.0

The S&P 500 added about half a percent, and the Dow Jones Industrial average slipped 0.4%.

1:12.6

Energy stocks were one of the biggest winners in the S&P 500, rising about 3% over the week, as

1:22.1

investors bet disruptions in the Middle East will keep oil prices elevated for longer than expected.

1:28.8

The conflict between the U.S. and Iran has effectively brought traffic in and out of the Persian Gulf close to a standstill,

1:34.0

cutting off one of the world's most critical oil supply routes. And even if the conflict were resolved

1:39.1

quickly, analysts and oil industry executives say the damage to global energy infrastructure

1:44.0

could take months or even years to fully unwind.

1:47.7

Oil fields have been shut down, workers have fled the region, and restarting production is expected to be slow and costly.

...

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