MNPR - 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 major averages closed near sessions lows, with the S&P 500 (SP500), -0.8%, logging five straight losing days for the first time since February. News that the U.S. is considering an investigation into Chinese subsidies adding to anxiety during the week over inflationary pressures and the Federal Reserve’s plan to pull back on bond purchases later. Even with one fewer day due to the Labor Day holiday, the S&P had its worst week since June, down 1.7%. The Dow (DJI) -0.8% and Nasdaq (COMP.IND) -0.9% also closed negative on the week, down 2.2% and 1.6%, respectively. Oil futures gained for the week after U.S. President Joe Biden and Chinese President Xi Jinping talked in an effort to ease hostilities and ahead of a key OPEC

For further details see:

Wall Street Breakfast: What Moved Markets