LC - 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 posted modest losses on light summer volume Friday, with Amazon dropping the most in more than a year after reporting its first quarterly revenue miss in three years and providing disappointing guidance. But the major averages wrapped up a solid month, even as volatility has increased alongside concerns about the economic recovery with the spreading of the COVID-19 delta variant. Federal Reserve Chairman Powell calmed markets Wednesday when he noted that while the economy has come a long way since the COVID recession, the Fed would be in no hurry to adjust its easy-money policies. The S&P 500 rose 2.3% in July for its sixth straight positive month, while the Dow and Nasdaq added 1.3% and 1.2%, respectively. The benchmark 10-year Treasury fell about

For further details see:

Wall Street Breakfast: What Moved Markets