MLCO - 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 touched their lowest levels in four weeks Friday as inflation fears took hold and a range of Chinese economic indicators pointed to a pullback. The University of Michigan’s preliminary sentiment index edged up, but buying conditions in the U.S. for household durables, homes and motor vehicles all fell to the lowest in decades last month due to complaints about high prices. Meanwhile, the 10-year U.S. Treasury yield jumped to a two-month high of 1.38%. The jittery mood was demonstrated by this week's $45 billion in capital outflows from money market funds, the largest outflow of the year. For the week, the S&P 500 slipped 0.6%, the Nasdaq Composite closed down 0.5% and the Dow Jones average fell just 0.1%. The weekly drop in the

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Wall Street Breakfast: What Moved Markets