Wall Street Breakfast: What Moved Markets This Week

Stocks broke higher as investors latched on to positive news on the U.S.-China trade front. "There's less of a reason to sell; it's more of a reason to just sit tight and see which way things go," summed up Seven Points Capital Managing Partner Michael Katz on investor sentiment. For the week, the Dow finished 1.6% higher despite woes related to the groundings of Boeing 737 MAX fleets, while the S&P 500 climbed 2.9% and the Nasdaq jumped 3.8%. U.S. Treasury prices closed higher ahead of next week's Fed meeting, pushing the two-year yield down a basis point to 2.44% and the 10-year yield lower by 4 bps to 2.59%.


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