RAIL - 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 holiday-shortened week saw tech suddenly back in favor after a first quarter where cyclical and value plays dominated. The Nasdaq, which trailed the major averages in Q1, gained 2.6% for the week, topping the S&P’s gain of 1.4% and the Dow, up 0.2%. The megacaps all closed higher, with Tesla the big winner. Treasury yields continued strong moves, making a run above 1.75% on Tuesday and cementing above 1.7% on Friday with their extra day of trading compared with the stock market. The jobs report, which was reported with the stock market closed for the holiday, blew past consensus estimates, with nonfarm payrolls rising 916K in March. The jobless rate dipped to 6% from 6.2% That bodes well for further strong performance in recovery

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Wall Street Breakfast: What Moved Markets