What’s News in Markets: Tariff Fear, Delta Soars, AMD + OpenAI

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  Hey listeners, it's Saturday, October 11th.

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  I'm Francesca Fontana for The Wall Street Journal, 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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  The stock market was chugging along this week,

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  with indexes hitting records and shrugging off some doubts about the AI boom.

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  Then, on Friday, things took a turn.

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  A pretty steep one.

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  US stocks gave up their gains for the week on Friday after President Trump posted on TruthSocial that he may cancel a planned meeting with China's leader and threatened a,

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  quote, massive increase in tariffs on products from China.

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  We saw chip stocks take a tumble, so did oil prices, but do you know what was up?

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  Good old fear.

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  Wall Street's fear gauge, aka the Sebo Market Volatility Index,

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  was flying higher, with its percentage gain hitting double digits during Friday's session.

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  All in all, the three major indexes ended the week lower.

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  The S&P 500 fell 2.4%, the Dow fell 2.7%, and the Nasdaq fell 2.5%.

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  We just went over what went wrong, so to speak, in the stock market.

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  What went right?

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  Well, one sector that got some good news was airline stocks.

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  We're talking about Delta Airlines, which, did you know, is the biggest U.S. carrier by market cap.

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