MRAM - Wall Street Breakfast: What Moved Markets

Listen on the go! A daily podcast of Wall Street Breakfast's Alpha Talks will be available this morning on Seeking Alpha, iTunes, Stitcher and Spotify. Stocks rallied Friday, led by technology and communication services, but the major averages finished lower for the week on escalating inflation fears. The October consumer price index released Wednesday showed inflation running hotter than at any time in 30 years, but Friday's report on plunging consumer sentiment prompted hope among traders that the Federal Reserve would delay any interest rate hikes. The major averages ended the week with modest losses of less than 1%, but all remain within striking distance of their all-time highs. U.S. Treasury prices tumbled, driving the benchmark yield on the 10-year note up 13 basis points on the week to 1.58% Musk unloads In his first sales in more than five years, Elon Musk this week let go of $5B of

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Wall Street Breakfast: What Moved Markets