NLSN - Wall Street Breakfast: What Moved Markets
Listen on the go! A daily podcast of Wall Street Breakfast will be available this morning on Seeking Alpha, iTunes, Stitcher and Spotify. Stocks closed out their best week since November 2020, as buy-the-dip investors sprang into action after the market started the week from an oversold position. This week's big move came even after the Federal Reserve raised its benchmark rate for the first time since 2018, as the Fed move was widely expected, which helped embolden bullish sentiment. Investors also weighed a denial that China is considering support for Russia and mixed signals from peace talks between Russia and Ukraine. Technology shares led stock gains after investors endured a $3.5 trillion triple witching event and a rebalancing of benchmark indexes including the S&P 500, a combination that tends to spark strong single-day volumes. For the week, the Dow Jones index jumped 5.5%, the S&P 500 spiked 6.1% and
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Wall Street Breakfast: What Moved Markets