FSR - 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 major averages finished the week with sharp losses, despite a Friday rebound in the big tech stocks following an earlier selloff sparked by surging yields. Bonds saw a lot of late afternoon buying Friday, pushing the 10-year Treasury yield back down to as low as 1.39% after surging above 1.6% at one point on Thursday. But the move did not translate to a broader risk-on investor sentiment, as stocks and commodities still ended broadly lower. Meanwhile, U.S. personal incomes soared in January as Americans received another round of pandemic relief checks. For the week, fears of higher rates and inflation weighed on all three major averages, as the Dow Jones dropped 1.8%, the S&P 500 slid 2.5%, and the Nasdaq tumbled 4.9% Easing fears

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Wall Street Breakfast: What Moved Markets