Chapter 1: What were the key stock market trends at the end of the week?
Here's your Closing Bell Brief for Friday, February 13th. I'm Katherine Sullivan for The Wall Street Journal. U.S. stocks finished mixed today to close out a losing week. The Dow and the S&P 500 managed tiny gains, while the Nasdaq ended 0.2 percent lower. All three major benchmarks ended the week in negative territory.
New data today showed that annual inflation slowed more than expected last month. Lower prices for gasoline and used cars helped drive the cooling trend. Among individual companies, applied materials shares gained 8%. Soaring demand for artificial intelligence computing boosted the company's quarterly results.
Chapter 2: What factors contributed to Airbnb's strong quarterly results?
Moderna stock jumped over 5% after the vaccine maker reported better-than-projected revenue and a narrower quarterly loss than investors expected. Airbnb shares advanced nearly 5 percent following stronger-than-forecast quarterly results. Still, high investment in new business lines drove up expenses during the period. Wynn Resorts stock rose 5% following a mixed fourth quarter report.
Operations in Macau improved while Las Vegas resorts continued to struggle.
Chapter 3: How did AI impact Expedia's stock performance?
Expedia shares fell more than 6% despite reporting better-than-projected results.
The travel agency is facing higher competition from AI chatbots. And DraftKings stock dropped 13.5% after the online sports betting provider gave a disappointing sales outlook. 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.
And before we go, we'll be off on Monday for President's Day in the U.S.
Chapter 4: Why did DraftKings stock experience a significant drop?
and we'll be back in your feed on Tuesday morning.
We'll have a lot more coverage of the day's news on the WSJ's What's News podcast.
Chapter 5: What should listeners expect from the next episode?
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