Francesca Fontana

You can read about more stocks that moved on the week's news in The Score, my column in the Wall Street Journal's Exchange section. Today's show was produced by Zoe Kolkin and Anthony Bansi with supervising producer Talia Arbel. I'm Francesca Fontana. Have a great weekend and see you next Saturday.

You can read about more stocks that moved on the week's news in The Score, my column in the Wall Street Journal's Exchange section. Today's show was produced by Zoe Kolkin and Anthony Bansi with supervising producer Talia Arbel. I'm Francesca Fontana. Have a great weekend and see you next Saturday.

Hey, listeners, it's Saturday, April 12th. I'm Francesca Fontana for The Wall Street Journal, and this is What's News in Markets, our look at the biggest stock moves of the week and the news that drove them. Let's get to it. So what to talk about this week? I mean, it was so slow. There was no big news. I'm fully kidding.

Hey, listeners, it's Saturday, April 12th. I'm Francesca Fontana for The Wall Street Journal, and this is What's News in Markets, our look at the biggest stock moves of the week and the news that drove them. Let's get to it. So what to talk about this week? I mean, it was so slow. There was no big news. I'm fully kidding.

This week, like last week, was full of trade turmoil and giant market swings. Really, we can divide it into before Wednesday and after Wednesday, a.k.a. before and after Trump's big about face on a bunch of the latest tariffs.

This week, like last week, was full of trade turmoil and giant market swings. Really, we can divide it into before Wednesday and after Wednesday, a.k.a. before and after Trump's big about face on a bunch of the latest tariffs.

So before Wednesday, the market was digesting all of the latest threats of retaliation from China in response to Trump's tariffs, as well as big Wall Street players weighing in and voicing their concerns like JPMorgan's Jamie Dimon, and BlackRock's Larry Fink. In contrast, Trump told everyone to, quote, be cool via Truth Social, but clearly things in the market were not cool.

So before Wednesday, the market was digesting all of the latest threats of retaliation from China in response to Trump's tariffs, as well as big Wall Street players weighing in and voicing their concerns like JPMorgan's Jamie Dimon, and BlackRock's Larry Fink. In contrast, Trump told everyone to, quote, be cool via Truth Social, but clearly things in the market were not cool.

And then there was Wednesday. Trump interrupted the day's sell-off and announced the 90-day pause on certain tariffs to most countries, also via Truth Social. And we got a big old rally, and the three major indexes notched some records. Now, after Wednesday. Thursday, stocks were falling again, despite the good news from the previous day.

And then there was Wednesday. Trump interrupted the day's sell-off and announced the 90-day pause on certain tariffs to most countries, also via Truth Social. And we got a big old rally, and the three major indexes notched some records. Now, after Wednesday. Thursday, stocks were falling again, despite the good news from the previous day.

For one, the White House said that the China tariffs added up to 145 percent, not the 125 percent it had indicated the day before. And then we got one last twist. On Friday, stocks were back to rallying to close out the wild ride. On a weekly basis, the Dow gained about 5 percent, the S&P 500 gained more than 5 percent, and the Nasdaq climbed more than 7 percent.

For one, the White House said that the China tariffs added up to 145 percent, not the 125 percent it had indicated the day before. And then we got one last twist. On Friday, stocks were back to rallying to close out the wild ride. On a weekly basis, the Dow gained about 5 percent, the S&P 500 gained more than 5 percent, and the Nasdaq climbed more than 7 percent.

In terms of individual movers, let's start with Delta Airlines. Delta predicted that 2025 would be its best financial year ever. But that view has gotten pretty cloudy. The airline on Wednesday ditched its full-year financial outlook and said it's too soon to say how air travel demand is going to play out.

In terms of individual movers, let's start with Delta Airlines. Delta predicted that 2025 would be its best financial year ever. But that view has gotten pretty cloudy. The airline on Wednesday ditched its full-year financial outlook and said it's too soon to say how air travel demand is going to play out.

On an earnings call, CEO Ed Bastian also said Delta's working to avoid paying tariffs on the dozens of planes it's set to receive from Airbus this year. Of course, you'll recall that Wednesday afternoon's tariff pause injected a bunch of optimism into the market. And man, oh man, did airline stocks really fly. Delta shares rose 23% on Wednesday. American Airlines also rose 23%.

On an earnings call, CEO Ed Bastian also said Delta's working to avoid paying tariffs on the dozens of planes it's set to receive from Airbus this year. Of course, you'll recall that Wednesday afternoon's tariff pause injected a bunch of optimism into the market. And man, oh man, did airline stocks really fly. Delta shares rose 23% on Wednesday. American Airlines also rose 23%.

And United Airlines rose 26%. On a weekly basis, Delta notched a 9.7% gain. American ended up 2.2%. And United rose 14%. Now, not every company was relieved by the tariff pause, certainly not the ones affected by levies that remained in place.

And United Airlines rose 26%. On a weekly basis, Delta notched a 9.7% gain. American ended up 2.2%. And United rose 14%. Now, not every company was relieved by the tariff pause, certainly not the ones affected by levies that remained in place.

Like CarMax, the used car dealer, which on Wednesday posted disappointing quarterly earnings and said it could no longer give a time frame for financial goals that it's been working toward for years. The 25 percent tax on automotive imports was not included in Trump's walkback. Now, the tariffs could be a mixed bag for CarMax and its auto-selling peers.

Like CarMax, the used car dealer, which on Wednesday posted disappointing quarterly earnings and said it could no longer give a time frame for financial goals that it's been working toward for years. The 25 percent tax on automotive imports was not included in Trump's walkback. Now, the tariffs could be a mixed bag for CarMax and its auto-selling peers.