UPST - 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 S&P 500 and Dow Jones averages rebounded from early losses to finish lower Friday while the Nasdaq ended higher as investors bought the dip in tech shares. Stocks gained strength after the Wall Street Journal published an op-ed from Fed Chairman Jerome Powell reiterating the central bank's commitment to provide aid to the economy "for as long as it takes." Bank stocks weighed on the Dow in reaction to the Fed's decision not to extend a rule exempting U.S. Treasurys from the supplementary leverage ratio. The 10-year Treasury yield breached the 1.75% level for the first time in 14 months and has now surged about 80 basis points this year. For the week, the Dow and S&P fell 0.5% and 0.8% respectively, snapping two-week

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Wall Street Breakfast: What Moved Markets