AEMD - 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 ended the day and the week modestly higher Friday, as investors shrugged off a report showing inflation in the U.S. rising 5%, its fastest pace since 2008. The benign reaction in the bond market seemed to reflect agreement with the Federal Reserve's contention that the current burst of inflation is only transitory. The benchmark 10-year Treasury yield dropped to as low as 1.43% on Friday before finishing flat at 1.46%, still its lowest level in three months and down nearly 12 basis points this week. The major stock market averages posted a mixed showing, with the Nasdaq up 1.9% for its fourth straight weekly gain, the S&P 500 eking out a 0.4% gain, and the Dow Jones falling 0.8% for the week. Global tax

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Wall Street Breakfast: What Moved Markets