ADXN - 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 closed higher going into the holidays thanks to late buying and a Brexit deal reached in Brussels but with negotiations in Washington still undecided after President Trump's last-minute objections to the COVID relief bill. The fate of the bill, which had been passed by Congress, is now uncertain after the Democrats failed in a quick attempt to push through $2,000 stimulus checks, but a full floor vote on a standalone bill is planned for Monday. Across the pond, the United Kingdom and the European Union finally settled the final issue of fishing rights, and a post-Brexit trade agreement looks set to pass. Also, Chinese regulators launched an anti-monopoly investigation against Alibaba, sending shares plunging 13%. For the week, the S&P 500 slipped 0.2% while
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Wall Street Breakfast: What Moved Markets