NKE - 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 fell for a fourth straight day, and the S&P 500 finished its worst week since February, after St. Louis Federal Reserve President James Bullard said interest rates may need to rise next year to tamp down possible inflation. His comments came after the Fed on Wednesday added two rate hikes to its 2023 forecast and increased its inflation projection for the year, pressuring stock prices. The news led to a 3.5% loss for the week on the Dow Jones average, while the S&P fell 1.9% and the Nasdaq edged 0.3% lower. Sectors that had led the market higher all year were the week's worst performers, with the financials and materials groups each losing more than 6% and energy losing more than 5%. Commodity prices

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Wall Street Breakfast: What Moved Markets