Chapter 1: What is the main topic discussed in this episode?
Access to affordable credit helps me pay my employees, but I don't really need it. Inflation is killing me. But who cares? Big retailers are making record profits. That's why we support the Durbin Marshall credit card bill. See? Banks and credit unions help small businesses make payroll. This bill would cut the vital resources they need. While increasing megastore profits.
They deserve it, don't they? Tell Congress, stop the Durbin Marshall money grab for corporate megastores. Paid for by the Electronic Payments Coalition.
Here's your closing bell brief for Wednesday, March 4th. I'm Katherine Sullivan for The Wall Street Journal. U.S. stocks moved higher today as investors set aside concerns regarding Middle East tensions. The Nasdaq led the gains with a rise of 1.3 percent. The S&P 500 added 0.8 percent, while the Dow climbed half a percent.
Oil prices stabilized today after a significant rally earlier in the week. Energy costs remain a focus as analysts warn of upward pressure on inflation. Among individual companies, GitLab shares slid 6% today. The software development tools firm expects slower annual sales growth due to artificial intelligence threats.
CrowdStrike stock rose 4% after the cybersecurity company posted strong quarterly earnings. Clients are turning to the firm to combat more complicated cyber threats due to AI. Meta Platform's shares climbed 2%. The company is reportedly creating a new AI engineering body to bolster superintelligence efforts. Bath & Body Works' stock jumped nearly 3%.
The retailer reported progress on its refocus towards core products like scented candles and body care. And shares of Coinbase Global surged almost 15% as various cryptocurrencies rallied. Robinhood stock also climbed 8% following the rebound in digital assets.
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.
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Chapter 2: Why did U.S. stocks rebound today?
Over 500,000 new listings every month based on average new for sale and rental listings. July 2024 to June 2025.
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