BDTX - 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. The major stock market averages closed mixed for the week following a choppy day of trading Friday. The week saw the stock market bounced around by the volatile trading in bitcoin and potential Fed taper talk before retracing those moves. The S&P 500 and Dow ended the week lower while the big rebound in tech shares Thursday pushed the Nasdaq into the green despite the selloff earlier in the week. The 10-year Treasury yield ended the week roughly where it began at 1.63%, but it was an eventful roundtrip, with the yield topping 1.69% after the latest Fed minutes showed some members looking to discuss reducing asset purchases at upcoming meetings. Media merger On Monday, AT&T (T) announced a deal to merge WarnerMedia with Discovery's
For further details see:
Wall Street Breakfast: What Moved Markets