RNFTF - 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. The stock market got the jobs report it apparently was waiting for, as May's payrolls growth came in short of expectations and led investors to conclude that the Fed would not trim its bond buying anytime soon. A strong jump in hourly wages briefly boosted U.S. Treasury yields before dip buyers stepped in, sending the 10-year yield seven basis points lower for the week to 1.56%. The Nasdaq led the major market benchmarks Friday with a 1.5% gain, driven by gains in mega-caps including Microsoft and Apple, capping its third straight weekly gain. The Dow Jones and S&P 500 averages advanced 0.7% and 0.6%, respectively, for the week. Meme stocks continued their wild price swings on Friday, with AMC Entertainment falling 6.7% but still surging

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Wall Street Breakfast: What Moved Markets