Catherine Sullivan

Here's your Closing Bell Brief for Wednesday, January 21st.

I'm Catherine Sullivan for The Wall Street Journal.

U.S.

stocks surged today after President Trump called off planned tariffs on Europe.

Among individual companies, Netflix shares slid 2.2 percent on concerns about the streaming company's cash flow and outlook, along with news that it would pause buybacks.

Arm Holdings shares rose 6 percent after analysts at Susquehanna upgraded the stock.

United Airlines shares moved over 2 percent higher after the carrier forecast earnings would jump this year, boosted by bigger spending travelers.

Delta Airlines shares also rose.

And Kraft Heinz shares fell almost 6% after the company said top shareholder Berkshire Hathaway might sell its stake.

Heads up, an artificial intelligence tool helped us make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor.

We'll have a lot more coverage of the day's news on the WSJ's What's News podcast.

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