2026-06-27
5 分钟Hey listeners, your money briefing is still on a break,
but we'll be back with more personal finance information for you in the future.
Until then, here's the news moving the markets this week.
I'm Jack Pitcher 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 get to it.
A nasty tech sell-off dragged down the S&P 500 and NASDAQ this week, with chip makers leading the slide.
Both indexes logged five straight days of declines.
Doubts over whether the AI boom can sustain its red-hot momentum weighed on investors.
It also undermined the broader market, because a handful of tech giants have buoyed much of this year's gains.
Global indexes closely tied to AI also got clobbered this week.
Overall, the Nasdaq ended 4.6% lower, its biggest weekly loss in over a year, while the S&P 500 lost 2%.
The Dow, which is less exposed to tech stocks, eaked out a 0.6% gain to close out the week.
Elsewhere, oil prices dropped 8.7% this week, to end under $70 a barrel for the first time since the Iran War started.
That decline helped boost consumers' spirits a bit in June, as prices at the pump moderated.
Here's a tale of two AI earnings reports.
On Tuesday after the market closed, Sarah Brass Systems shrunk its quarterly loss and almost doubled revenue
in its first earnings release as a public company, since raising $5.6 billion in its May IPO.
But, and this is key, the chip company projected narrower profit margins, prompting a scare.