By Heard Editors

Tapping reserves doesn't settle oil price surge. Oil prices jumped again on Wednesday, shrugging off a record-sized release from strategic reserves. Attacks on three commercial ships by Iranian forces in the Strait of Hormuz made clear that the conflict remains far from over.

U.S. stocks mixed. The Dow slipped 289 points, or 0.6%, while the S&P 500 also edged down by the closing bell. The Nasdaq Composite managed a slight gain for the second consecutive day thanks to a pick up in tech stocks.

Campbell's results leave a sour taste. Competition in salty snacks weighed on profit margins and sales volume during the latest quarter. That led to a cut in the company's full-year outlook, driving Campbell's stock down 7% on Wednesday.

Oracle starts its comeback journey. Software giant's shares jumped more than 9% on its latest results, which helped counter worries about financing its AI push that had driven the stock down by more than half over the past six months.

Uber lands a new robotaxi ride. Rideshare operator's shares rose nearly 4% on news of new partnership with Amazon-owned Zoox. The deal helps counter worries that robotaxis will eventually run Uber off the road.

This analysis comes from the Journal's Heard on the Street team. Subscribe to their free daily afternoon newsletter here.

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(END) Dow Jones Newswires

March 11, 2026 17:35 ET (21:35 GMT)

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