FTFT - Wall Street Breakfast: What Moved Markets

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. The three major U.S. stock averages ended Friday at all-time highs despite a weak December jobs report, in a session that zigzagged with the hopes of further stimulus. Stocks dipped following reports that Senator Joe Manchin might not support more stimulus but revived when President-elect Biden said he would introduce a plan for trillions of dollars in aid to bolster the economy as the pandemic continues. Longer-dated U.S. Treasury yields continued to climb on expectations for economic growth and possibly inflation, with the 10-year yield adding another 3 basis points to 1.11%. For the week, the Nasdaq jumped 2.4%, the S&P 500 rose 1.8%, and the Dow Jones added 1.6%. Energy stocks were the week's top performer, gaining more than 9%, while the materials and financials

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Wall Street Breakfast: What Moved Markets