The Nasdaq ended Wednesday’s session 0.4% lower, weighed down by technology stocks amid ongoing concerns over lofty valuations. In contrast, the Dow Jones Industrial Average gained 0.4%, supported by rising travel-related shares following a decline in crude oil prices.

The US Transportation Department reported that average domestic airfares increased 4.7% to $428 in the first quarter of 2026, attributing the rise primarily to surging oil prices in March. The spike in crude costs was linked to geopolitical tensions stemming from the US-Israeli conflict involving Iran.

In corporate developments, Sony Pictures revealed a $100 million investment in Cosm, a firm specializing in immersive technology. The partnership aims to expand Sony’s film and television content into a network of dome-shaped venues across the United States, capitalizing on emerging entertainment formats.

Meanwhile, the White House formally requested $1 billion from Congress to restore pension benefits for workers at Delphi, the former General Motors auto parts division. These pensions were reduced following GM’s 2009 bankruptcy restructuring, and the administration’s appeal reflects ongoing efforts to address worker compensation issues related to that period.

Additionally, the US Department of Justice announced a $450 million settlement with The Chemours Company over the discharge of persistent environmental contaminants commonly referred to as “forever chemicals.” The settlement aims to resolve litigation concerning the company’s responsibility for chemical pollution.

These movements reflect a complex economic landscape influenced by geopolitical factors, legal settlements, and evolving corporate strategies.