WULF - Wall Street Breakfast: What Moved Markets

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Stocks ended the week on a down note after the simultaneous expiration of single-stock options, single-stock futures, and stock-index options, and stock-futures added to the volatility. Concerns on higher interest rates and the impact of a surge in omicron covid variant cases weighed on investors. The benchmark 10-year U.S. Treasury note dropped to its lowest yield in two weeks at 1.401%. For the week, the Dow booked a 1.7% decline, the S&P 500 lost 1.9% and the Nasdaq Composite finished with a weekly drop of 3%. Over the past four weeks, small-cap and value stocks have both entered correction territory. Lira collapse The Turkish lira plunged this week to a new record low of nearly 17 to the dollar, as concerns snowballed over President Erdogan's risky

For further details see:

Wall Street Breakfast: What Moved Markets