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WSJ What’s News

What’s News in Markets: Trade Truce Winners, UnitedHealth Slides, Foot Locker Deal Bounce

WSJ What’s News

The Wall Street Journal

News, Daily News

44K Ratings

🗓️ 17 May 2025

⏱️ 6 minutes

🧾️ Download transcript

Summary

Which companies got a boost from the trade truce between the U.S. and China? And how did UnitedHealth shares respond to a week of bad news? Plus, what was the reaction to news of Dick’s Sporting Goods acquisition of Foot Locker? Host Francesca Fontana 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

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0:32.3

Hey listeners, it's Saturday, May 17th. I'm Francesca Fontana for the Wall Street Journal, and this is

0:39.0

What's News and Markets, our look at the biggest stock moves of the week and the news that drove

0:43.7

them. Let's get to it. We have a deal. In case you missed it, we got a surprise on Monday when the

0:51.0

U.S. and China announced a trade deal rolling back most of the tariffs between

0:55.2

the two countries that have been weighing heavily on investors' minds and on many companies'

1:00.6

operations.

1:01.6

Now, the relief could be temporary.

1:03.8

It's a 90-day agreement, so plenty of uncertainty remains.

1:08.6

But the trade optimism sparked a rally on Monday, with the three major indexes making

1:13.3

some smaller mixed moves the rest of the week. On Tuesday, for instance, United Health's giant drop

1:19.2

dragged the Dow lower, and we'll get to that stock's meltdown in a bit. All in all,

1:25.2

the three major indexes each made some gains this week. The Dow added more than

1:29.6

3%. The S&P 500 gained more than 5%. And the NASDAQ rose more than 7%. As far as individual

1:41.5

movers go, let's run through some of the big winners of the U.S.-China truce.

1:47.1

Many of the stocks that had the most to gain were, logically, the ones most exposed to China

...

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