What Moved Markets This Week

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Spotify . hapabapa/iStock via Getty Images Up for a challenge? Test your knowledge on the biggest events in the investing world over the past week. Take the latest Seeking Alpha News Quiz and see how you stack up against the competition. Wall Street's major market averages advanced on the week while Treasury yields surged, oil and gas markets continued to remain in focus, and President Xi Jinping and President Trump wrapped up their summit. U.S. Treasury yields kept climbing this week as the benchmark U.S. 10-year Treasury yield ( US10Y ) topped 5.15%, marking its strongest reading since July 2007. Oil and gas markets remained in focus as reports surfaced that Washington and Tehran are exploring a phased arrangement to restore commercial traffic through the Strait of Hormuz. Chinese President Xi Jinping wrapped up his U.S. state visit with President Trump, but the trip produced little beyond a two-month extension of the countries’ trade truce . For the week, the blue-chip Dow ( DJI ) added +0.28% , the benchmark S&P ( SP500 ) gained +1.21% , and the tech-heavy Nasdaq Composite ( COMP:IND ) climbed up +2.06% . Read a preview of next week's major events in Seeking Alpha's Catalyst Watch. Playing the odds Markets are pricing in another interest rate hike in the Fed's meeting next month as inflation remains stubbornly high. It's interesting that prediction markets like Kalshi ( KALSHI ) and Polymarket ( POLYMARKET ) tend to line up with expectations derived from Fed Funds futures. Such platforms may even complement traditional forecasting tools over time. Read more. Seeking Alpha's Calls Of The Week NNN REIT ( NNN ) Has Crashed, It's A Strong Buy For Me . Bullish On PDBA ETF And The Potential For A Super El Niño . Amazon ( AMZN ): Market Misunderstands Meta Muse's Threat . Centrus Energy's ( LEU ) Drop Made The Risk Worth Taking . Bank of America ( BAC ): Decent Value Play Amid Sharp Selloff . Rivian Automotive ( RIVN ) Could Nail R2 And Still Go Nowhere . Trinity ( TRIN ): 30% Premium Earned By Strong Fundamentals . Frontline ( FRO ): Excessive Valuation At Uncertain Times, Sell . Walmart ( WMT ) Is Failing To Live Up To Its Rich P/E Multiples . Revisiting VICI Properties ( VICI ) - I'm Flipping From Buy To Sell . Weekly Movement U.S. Indices Dow +0.3% to 51,829. S&P 500 +1.2% to 7,743. Nasdaq +2.1% to 27,069. Russell 2000 -0.8% to 2,838. CBOE Volatility Index +0.4% to 14.87. S&P 500 Sectors Consumer Staples +0.2% . Utilities -3.2% . Financials -1.6% . Telecom +2.2% . Healthcare +1.7% . Industrials +0.7% . Information Technology +3.1% . Materials +0.3% . Energy -3% . Consumer Discretionary -0.5% . Real Estate -1.3% . World Indices London +0.3% to 10,695. France +0.2% to 8,078. Germany +0.4% to 25,409. Japan +2.1% to 66,364. China -0.6% to 3,888. Hong Kong -1% to 24,510. India -0.5% to 73,896. Commodities and Bonds Crude Oil WTI -3.8% to $92.44/bbl. Gold -2.4% to $4,320.5/oz. Natural Gas +10.4% to 3.214. Ten-Year Bond Yield -0.2 bps to 5.167. Forex and Cryptos EUR/USD -0.81% . USD/JPY +0.25% . GBP/USD -1.11% . Bitcoin +3.3% . Litecoin +23.6% . Ethereum +2% . XRP +10.% . Top S&P 500 Gainers Moderna ( MRNA ) +29% . Everpure ( P ) +21% . Datadog ( DDOG ) +17% . Cadence Design Systems ( CDNS ) +15% . QUALCOMM ( QCOM ) +14% . Top S&P 500 Losers Gen Digital ( GEN ) -25% . MGM Resorts ( MGM ) -14% . Paychex ( PAYX ) -13% . Charter Communications ( CHTR ) -12% . CF Industries Holdings ( CF ) -10% . Where will the markets be headed next week? Current trends and ideas? Add your thoughts to the comments section. This article was written by Wall Street Breakfast 5.74M Followers Subscribe Wall Street Breakfast, Seeking Alpha's flagship daily business newsletter, is a one-page summary that gives you a rapid overview of the day's key financial news. It is designed for easy readability on the site or by email (including mobile devices) and is published before 7:30 AM ET every market day. Wall Street Breakfast's readership of more than 1 million subscribers includes many from the investment banking and fund management industries. Sign up here to receive the Wall Street Breakfast in your inbox every business day.