AXGT - 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 on Friday, led by the megacap tech names, to wrap up the worst week since March as coronavirus cases surged, U.S. fiscal stimulus talks broke down and traders braced for next week’s presidential election. Some buying in the last half hour of trading brought the major averages substantially off their lows of the day. Among the tech megacaps, only Google managed to eke out a gain following its Thursday earnings report, Apple pared more than 5% and is now more than 20% below its all-time high, Facebook fell 6% amid concerns about the 2021 ad market, and Twitter plunged 20% to wipe out its big run-up since mid-September. For the week, the Dow Jones average tumbled 6.5%, the S&P 500 sank 5.6%, and

For further details see:

Wall Street Breakfast: What Moved Markets