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🗓️ 8 March 2025
⏱️ 5 minutes
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0:32.6 | Hey listeners, it's Saturday, March 8th. I'm Francesco Montana for the Wall Street Journal, |
0:38.0 | and this is What's News and Markets. Our look at the biggest stock moves of the week and the news |
0:42.6 | that drove them. Let's get to it. Trade, trade, trade. That was the big story in the stock market, |
0:49.2 | as investors and portfolio managers grappled with fears about U.S. economic performance amid a ton of policy uncertainty. |
0:58.0 | Don't worry if you missed the latest on all the rapid fire tariff updates this week. |
1:02.0 | I will run through those in a bit. |
1:04.0 | On a broader level, we've been seeing U.S. consumer confidence slipping on fears of rising prices, |
1:10.0 | which was a thread we saw in some of the |
1:11.1 | retail movers this week. |
1:12.6 | I'll come back to those in a minute too. |
1:14.6 | Then, of course, there was Thursday's big sell-off, with chip stocks in particular getting |
1:19.3 | hammered as investors searched through AI chipmaker's results looking for the next big thing, |
1:24.6 | the next NVIDIA, if you will. |
1:26.6 | And while the indexes managed to end Friday |
1:29.1 | in the black, they each notched losses for the week. The Dow fell more than 2%, the S&P lost more than 3%, |
1:36.4 | and the NASDAQ fell about 3.5%. First up, let's set our target on target, the Red Bullseye, the American retail giant. |
1:47.8 | This week, Target was the latest retailer to warn investors about the looming impacts of higher |
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