BBIG - Wall Street Breakfast: What Moved Markets

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. The Dow Jones and S&P 500 indexes fell slightly on Friday but clawed back from their worst losses, while the Nasdaq edged higher to another record close, due mostly to a 10% plunge in IBM (IBM) after reporting its fourth consecutive quarter of declining sales. U.S. Treasury yields edged lower as doubts emerged about the Democrats' ability to get their $1.9T spending bill through Congress. Overseas, COVID-19 restrictions intensified from Germany to the U.K. to China, and the European Central Bank cautioned that the euro area is headed for a double-dip recession. For the week, the Nasdaq jumped 4.2%, the S&P gained 1.9% and the Dow added 0.6%, helped by a rally in Apple (AAPL), Microsoft (MSFT) and Facebook (FB). All three are scheduled to report

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Wall Street Breakfast: What Moved Markets