ASTR - 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 Friday to push the major market indexes into the red for the week, as rising concerns over inflation outweighed strong retail sales data and better than expected quarterly earnings reports from the big U.S. banks. The major market averages all snapped three-week winning streaks, with the Dow dropping 0.5%, the S&P 500 slipping nearly 1% and the Nasdaq Composite closing 1.8% lower. But the bond market continues to buck inflation fears, as the 10-year U.S. Treasury yield fell to around 1.30%. Crude oil slumped to its biggest weekly loss since mid-March as markets face the prospect of extra supplies from OPEC producers, and a stronger dollar also hurt the appeal of commodities priced in the U.S. currency this week. Congrats to Richard Branson!

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Wall Street Breakfast: What Moved Markets