What’s News in Markets: Clarity Act, Chips’ Dip, Klarna’s Pivot

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  I'm Steve Booth, CEO of Baird, an independent wealth, asset management, and global capital markets firm.

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  throughout the cycles in our serve markets.

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  Learn more at rwbaird. com.

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  Hey listeners, it's Saturday, May 16th.

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  I'm Jack Pitcher for The Wall Street Journal.

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  And this is What's News in Markets.

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  Our look at the biggest stock moves of the week and the news that drove them.

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  Let's get to it.

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  What started out as a strong week finished on a bit of a down note.

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  Rising bond yields around the world are sapping investors' appetite for stocks.

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  And oil prices are still climbing, reigniting fears about inflation.

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  All three major indexes fell more than 1% Friday.

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  For the week, the Dow dropped 0.2%, the S&P inched 0.1% higher, and the NASDAQ dropped a tenth of a percent.

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  It was a hectic week for chip stocks like Intel, Nvidia, Micron, and Qualcomm.

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  To give you a sense of the drama, here are some actual quotes from our coverage throughout the week.

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  On Monday, enthusiasm for artificial intelligence continued to drive the market.

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