AEI - 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 three major U.S. stock averages rallied in the last two sessions of the week as inflation fears eased, but it wasn’t enough to offset declines from earlier in the week. On Friday, the tech-heavy Nasdaq gained 2.3%, the S&P 500 rose 1.5%, and the Dow Jones Industrial Average advanced 1.1%. For the week, the Nasdaq fell 2.3%, the S&P dropped 1.4%, and the Do slipped 1.1%. Early in the week, commodities grabbed the headlines after a ransomware attack shut the Colonial Pipeline that transports fuel products to the East. Cyclicals such as energy and consumer staples gained while tech names swooned. Inflation fears were stoked as April’s core consumer price index surged the most since 1982. The month’s producer price index also rang in

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Wall Street Breakfast: What Moved Markets