AREC - 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 posted their strongest week since November, with the S&P 500 and Nasdaq Composite climbing to new record highs, as investors hoped a weak January jobs report would increase the likelihood of another big fiscal relief package. The recovery in the U.S. labor market appeared to stagnate for a second month, as non-farm payrolls increased by just 49,000 and December’s figure was downwardly revised to show 227,000 job losses, strengthening the case for further stimulus. For the week, the Dow gained 3.9%, the S&P rose 4.7%, the Nasdaq jumped 6%, and the small-cap Russell 2000 index rallied 7.7% for its best week since June. The benchmark 10-year Treasury yield finished at a year-to-date high 1.17%, gaining 8 basis points on the week. Bezos bows out

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Wall Street Breakfast: What Moved Markets