SWBI - Wall Street Breakfast: What Moved Markets

Listen on the go! A daily podcast of Wall Street Breakfast will be available this morning on Seeking Alpha, iTunes, Stitcher and Spotify. Investors enjoyed a breather this week from the market's April-and-May selloff that had taken the Nasdaq Composite solidly into bear territory and the S&P 500 20% below its record high. The Dow Jones index surged 6.2% for the week to snap an eight-week decline, its longest losing streak since 1932, while the S&P climbed 6.5% and the Nasdaq jumped 6.8%, both ending seven-week slides. Much of the week’s gains came Thursday and Friday, as stocks rallied with strong retail earnings and a slowing inflation report sparking hopes entering the three-day weekend that the Federal Reserve's tightening policy can avoid tipping the U.S. economy into a recession. The question now is whether the market has found a bottom, with the Nasdaq now 25% below its peak, the SP

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Wall Street Breakfast: What Moved Markets