OVID - 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. All three major stock market indexes closed at all-time highs Friday as D.C. lawmakers appeared to make progress toward passing a COVID stimulus bill. A weaker than expected rise in November non-farm payrolls had the bad-news-is-good-news effect on equities and interest rates, prompting investors to conclude that the weak numbers will lead to compromise on a near-term relief package. The energy sector was Friday's runaway leader, capping a big week in response to the OPEC+ agreement for small production hikes starting in January. Long-term interest rates rose, pushing the 10-year Treasury yield up 5 basis points to 0.97%. For the week, the S&P 500 finished up 1.7%, the Nasdaq rose 2.1% and the Dow gained 1%. Salesforce shakes hands with Slack M&A heated up this

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Wall Street Breakfast: What Moved Markets