GLOP - 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 rebounded Friday as the rotation to economically sensitive industries regained momentum, despite rising COVID-19 cases that could lead to tougher economic restrictions. The S&P 500 ended at a new all-time high 3,585, with all 11 industry groups gaining. Some of the day's best performers were plays on an economic recovery, including Carnival, Boeing, United Airlines and MGM Resorts, while stay-at-home stocks such as Peloton and Zoom struggled. Sparked by Pfizer’s news on Monday that a trial of its COVID vaccine was more than 90% effective, the Dow jumped 4.1% and the S&P added 2.1% for the full week, while the tech-heavy Nasdaq lost 0.6%, as investors took some profits on the momentum tech names that led the market through the summer. Vaccine breakthrough Hopes

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Wall Street Breakfast: What Moved Markets