What’s News in Markets: Defense Stocks Rise, Beer Beats, Pharma Deal

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  Hey listeners, it's Saturday, January 10th.

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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 first full trading week of the new year is in the bag.

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  And it certainly wasn't a boring one.

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  Traders had plenty to digest in the way of geopolitical uncertainty,

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  namely the ripple effects of U.S.

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  action in Venezuela.

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  During the week, President Trump promised to revive the country's oil industry,

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  and the Wall Street Journal reported on plans by the White House to dominate Venezuela's energy industry for years.

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  And we saw how shares of American oil majors responded, like Chevron,

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  whose shares ended up jumping 5.1 percent Monday and gaining 4 percent for the week.

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  And before we get to some other individual movers, let's see how the major indexes did.

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  All three notched gains for the week.

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  with the Dow rising 2.3%, the S&P 500 gaining 1.6%, and the Nasdaq increasing about 1.9%.

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  Let's stay in Washington for a moment here,

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  as another sector was making moves on news coming from the Trump administration.

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  Defense stocks.

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  President Trump's call for a bigger defense budget sparked a rally in Lockheed Martin and other U.S.

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