CHRW - Wall Street Breakfast: What Moved Markets

Listen on the go! A daily podcast of Wall Street Breakfast will be available every morning on Seeking Alpha, iTunes, Stitcher and Spotify. The S&P 500 and Nasdaq Composite erased early losses to finish higher Friday to conclude their best week so far this year, led by continued strength in quarterly earnings reports and a better than expected January jobs report. Amazon shares surged 13.5% for their biggest one-day gain since 2015, and Snap skyrocketed 58%, suggesting that Meta Platforms' earnings disappointment that sent shares crashing 26% on Thursday was a company-specific issue. U.S. payrolls came in at a three-month high as employers added more jobs than forecast last month despite a surge in COVID-19 infections. Average hourly earnings also rose more than expected, although not enough to keep pace with inflation. Crude oil soared to a fresh seven-year high near $93 a barrel, and the average price of gasoline

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Wall Street Breakfast: What Moved Markets