JSPR - 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 S&P 500 wrapped up its best week since July, closing at its highest level in a month, as a series of upside earnings reports from Wall Street's biggest banks outweighed negative macro sentiment. Financial heavyweights Goldman Sachs, J.P. Morgan and Bank of America were among the firms topping consensus estimates. Economic data also eased some concerns this week, with U.S. retail sales data coming in stronger than expected and initial jobless claims posting their lowest numbers since the pandemic began. U.S. Treasuries fell as the 10-year yield inched above 1.57%, but more telling was the two-year yield climbing to its highest since February 2020. Bank earnings It was a solid first week of Q3 earnings as the largest U.S. banks posted another robust round

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Wall Street Breakfast: What Moved Markets