Imani Moise

Meanwhile, rival EV maker Rivian reported a 30% increase in deliveries in Q1 to roughly 10,000 vehicles.

The two companies' sales growth contrasts with the broader auto industry.

Ford and General Motors both reported significant sales declines earlier this week, though that was across all vehicle types.

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 more coverage of the day's news on the WSJ's What's News podcast.

You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.

Hey, and welcome back to What's News.

I'm Imani Moise, host of What's News in Markets.

Stocks kicked off the month higher today as investors held out hope that the U.S.

would wrap up military actions in Iran soon.

Comments from the Oval Office suggesting a resolution could come within weeks pushed all three major indexes higher.

NASDAQ led the way with a 1.2% gain.

The news wasn't as positive for the energy sector, which has been boosted by the surge in oil prices.

Today, Brunt Crude, the international oil benchmark, slipped 2.7% to about $101 a barrel.

And shares in ExxonMobil fell 5.2%, shedding around $36 billion in market value.

Exxon hasn't lost that much value in a single day since the global financial crisis in 2008.

Egg prices are in freefall, which is good news, unless, of course, you sell eggs.

This morning, CalMain, the biggest egg producer in the U.S., reported a 53% drop in sales for the quarter ended February 28th.

Still, that decline wasn't as bad as Wall Street expected.

Shares closed more than 5% higher.