URNM - 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 failed to hold early gains Friday, drifting into the close and ending the shortened week lower, as rising interest rates and profit taking in some of the largest tech names combined to dampen optimism. For the week, the S&P 500 fell 0.7% and the Nasdaq Composite lost 1.6%, while the Dow Jones fared better with a slight gain. Benchmark 10-year Treasury yields climbed above 1.35% Friday to the highest in nearly a year, as input prices for the Purchasing Managers manufacturing index reached the highest since April 2011. U.S. crude oil topped $60 a barrel before falling back, dropping 2% as wells slowly restarted in Texas following this week's big freeze Cold snap A deep freeze began enveloping large swathes of the U.S. on

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Wall Street Breakfast: What Moved Markets