OGN - 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 dipped into bear market territory on Friday, with the S&P 500's decline from its January all-time high hitting 20% at one point, before a late-session reversal lifted the benchmark index to a flat finish. Much of the decline in investor confidence recently stems from lackluster retail earnings, which has raised fears that a consumer-led downturn is approaching, on top of the inflation and supply chain challenges that have weighed on sentiment for weeks. But some potential silver linings can be found, if one squints hard enough, including a decline in U.S. bond yields, a leveling off for the U.S. dollar and commodity prices, and partial reopening from COVID lockdowns in China. For the week, the Dow Jones average lost 2.9% for its first eight-week losing streak

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Wall Street Breakfast: What Moved Markets