AFRM - 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 finished lower Friday, as optimism over President-elect Biden's proposed $1.9 trillion stimulus plan gave way to questions around bipartisan support, leading investors to take profits ahead of the long weekend. Weak bank earnings and slumping oil prices hit cyclical stocks, and the 10-year Treasury yield finished at 1.09% after an early move to nearly 1.19% breached its highest level since March. Meanwhile, the COVID-19 vaccine rollout continues to hit snags, with New York City Mayor Bill de Blasio saying the city is poised to run out of the vaccine by next week. For the full week, the Dow Jones average settled 0.9% lower, while the S&P 500 and Nasdaq both fell 1.5% Public speech and social media The week began with Facebook (NASDAQ:FB), Twitter

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Wall Street Breakfast: What Moved Markets