BRPA - 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 finished modestly higher Friday on light pre-holiday volume following a late-session surge led by the energy sector, as crude oil futures rose to their highest intraday level in more than a year. Fueled by hopes of a stimulus package and improving COVID-19 hospitalization numbers, cyclical sectors - those most sensitive to an economic rebound - have led the rally in February, with energy up more than 13% month to date, and financials and materials also rank among the best performers. For the week, the S&P 500 gained 1.2%, the Nasdaq advanced 1.7% and the Dow Jones added 1%. Embracing crypto Big financial institutions are warming up to Bitcoin (BTC-USD), paving the way for large-scale adoption. The crypto jumped as high as $48,663 this week,

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Wall Street Breakfast: What Moved Markets