Chapter 1: What is the main topic discussed in this episode?
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Here's your Closing Bell Brief for Tuesday, March 10th. I'm Katherine Sullivan for The Wall Street Journal. U.S. stocks finished a volatile trading session with mixed results today. The S&P 500 dropped 0.2 percent, the Dow lost nearly a tenth of a percent, and the Nasdaq gained a tenth. Investors focused on a sharp decline in oil prices as global supply fears eased.
Global benchmarks fell 11 percent on hopes that major economies will release strategic reserves. Treasury yields edged higher and gold prices gained nearly 3 percent by the close. Among individual companies, Vertex Pharmaceuticals shares jumped 8 percent. The drugmaker reported that a kidney disease treatment met its main goal in a trial.
Micron Technology shares rose 3.5 percent on news of a new partnership. The company will work with Applied Materials to develop chips for artificial intelligence. Boeing shares fell over 3 percent after the planemaker announced new delivery delays. The company discovered a problem with wiring on some of its 737 MAX aircraft.
Hewlett Packard Enterprise shares dropped 3% after reporting quarterly results. The company raised its earnings outlook but missed targets for total revenue. BioNTech shares tumbled 18% after a disappointing financial update. The biotechnology firm issued weak guidance and said its co-founders were leaving. And ExxonMobil shares slipped 1.5 percent following a major corporate announcement.
The energy company plans to move its legal home to the state of Texas.
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Chapter 2: What were the stock market results on March 10th?
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. You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.