PCT - 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 jumped to record levels on Friday despite a disappointing April jobs report that showed non-farm payrolls rising by only 266,000 compared with projections for a million jobs created. The weak number caused investors to believe easy monetary policies will stay in place for longer, and may provide a boost to President Biden's economic stimulus agenda. The dollar slumped toward the lowest since February, while U.S. Treasuries fluctuated before ending mostly unchanged as 10-year yields briefly fell below 1.47% after the jobs data hit. For the week, the Dow Jones and S&P 500 indexes closed at record highs, rising 2.7% and 1.2% respectively, but the Nasdaq ended lower for the third straight week, down 1.5%. Value stocks outpaced growth stocks for the week. Supply chain

For further details see:

Wall Street Breakfast: What Moved Markets