TGI - 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 inched higher Friday to finish in the green for the week, as optimism over the post-pandemic U.S. economic recovery drove the investment narrative heading into the Memorial Day weekend. Stocks gained despite a 0.7% increase in the core personal consumption price gauge for April that was the biggest monthly gain since October 2001. The focus instead fell on the consumer, with purchases of goods and services rising 0.5% in April after an upwardly revised 4.7% jump in March, the biggest since last June. Finally, President Biden issued his first full budget proposal, detailing more than $6 trillion in spending over the coming fiscal year, but Treasury yields edged lower for the week, with benchmark 10-year yield down three basis points to 1.58% Amazon goes

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Wall Street Breakfast: What Moved Markets