What’s News in Markets: Bearish Bets, Defiant Oil Prices, a Social Media Reckoning

市场新闻速览:空头押注盛行,油价反常坚挺,社交媒体面临清算之危

WSJ What’s News

2026-03-28

5 分钟
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Why are last year’s market darlings falling out of favor? And is Big Tech having its “Big Tobacco Moment”? Plus, how energy stock gains translate to broader economic pain. Host Imani Moise discusses the biggest stock moves of the week and the news that drove them. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
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  • Hey, listeners.

  • It's Saturday, March 28th.

  • I'm Imani Moise for The Wall Street Journal.

  • And this is What's News in Markets, our look at the biggest stock moves of the week and the news that drove them.

  • Let's dive in. Markets are sliding and some people are scared.

  • Investors piled into options contracts that bet against the S&P 500.

  • And retail traders are getting more timid.

  • Their activity is on track to reach the lowest level in two years.

  • Plus, is big tech having its big tobacco moment?

  • Before we get into that, let's see how the major indexes did.

  • The Nasdaq entered correction territory on Thursday,

  • falling 10 percent from its most recent high and finished the week down more than 3 percent.

  • The Dow Jones Industrial Average followed, crossing the correction threshold on Friday, closing 1.4 percent lower.

  • The benchmark S&P 500 ended 2% lower, extending its longest weekly losing streak in nearly four years.

  • What 's interesting is that many of the companies dragging markets lower recently were the same stocks

  • that led them to historic highs last year.

  • Now let's walk through the winners and losers of this week's topsy-turvy market.

  • It was a rough week to be a social media executive.

  • Tech stocks, which include names like Facebook and Instagram Parent Meta and Google and YouTube Parent Alphabet,

  • led the S&P lower this week after back-to-back landmark legal rulings that could force the Silicon Valley giants