DLPN - 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 finished a volatile week with a surge into the close Friday, helped by a boost from President Biden’s doubling of the U.S. vaccine rollout target and the Federal Reserve’s decision to free banks from restrictions on dividends and buybacks. Also, the final consumer sentiment index for March rose to 84.9 from a preliminary reading of 83.0, the highest since March 2020. Stock market gains were relatively broad, with 10 of the 11 S&P sectors closing higher, led by energy as crude oil futures jumped nearly 4%. For the week, the Dow and S&P 500 rose 1.4% and 1.6%, respectively, but the Nasdaq slipped 0.6%. Treasury yields drifted lower on the week but popped on Friday, with the 10-year adding 6 basis points to 1.67%.

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Wall Street Breakfast: What Moved Markets