ZYME - 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 three major stock averages all fell about 2% in Friday trading, wrapping up a week dominated by a feeding frenzy on highly shorted stocks touted on Reddit. Oh yes, and Q4 GDP rose 4.0% at an annualized rate, down from 33% in Q3, and the Fed continued its ultra-dovish talk, with Fed Chair Jerome Powell promising he’d give markets plenty of notice before considering any tapering of bond purchases. For the last session of the week, the Nasdaq Composite fell 2.0%, the S&P 500 declined 1.9%, and the Dow Jones Industrial Average lost 2.0%. The energy sector fell the most, followed by information technology; real estate dropped by the least. All three averages turned in their worst week since October, with the Nasdaq shedding

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Wall Street Breakfast: What Moved Markets