AlphaTALKS Wall Street Breakfast, Jan. 9, 2021: What Moved Markets This Week

Watch video highlights of this episode and add your commentary here.This episode was recorded around noon on Friday, well before Twitter's permanent ban of President Donald Trump.Big PictureStocks caught their breath at the end of an eventful first week of 2021. The S&P 500 Index (SP500), Dow Industrials (NYSEARCA:DIA), and Nasdaq (COMP) have treaded water most of the day Friday, but are due to end the week higher. A disappointing nonfarm payrolls report was mostly shrugged off by the market.Winners & LosersCryptocurrencies were one big winner, with bitcoin (BTC-USD) adding 40% since new year's. The digital currency rallied past its record on Tuesday night and is due to end the week in unchartered territory above 40,000.Tesla (NASDAQ:TSLA) shares were another winner, adding 5% in premarket trading today alone. Some individual tech names shined, including 3D Systems (NYSE:DDD) whose shares rallied more than 120% this week after beating earnings.Energy prices saw major gains, with crude oil futures (CL1:COM) pushing to an 11-month high. Energy stocks followed, as the Energy Select Sector SPDR ETF (NYSEARCA:XLE) gained more than 9% for the week. Apache Corp (NASDAQ:APA), Diamondback Energy (NASDAQ:FANG), Occidental Petroleum (NYSE:OXY), and TechnipFNC (NYSE:FTI) were among the biggest winners.Small caps had a strong week, with the iShares Russell 2000 ETF (NYSEARCA:IWM) adding more than 6%.The 10-year yield climbed past 1% for the first time since March. Gold prices fell, with bullion futures (XAUUSD:CUR) dropping 2% at one point.About This PodcastAlpha TALKS Wall Street Breakfast is a weekly roundtable covering what moved markets this week (WMMTW), featuring a panel of Seeking Alpha editors.Hosted by Nathaniel E. Baker, Senior Editor, Strategic Contributors, and featuring:Bradley Olesen, VP News;Kim Khan, Senior News Editor (replaced this week by Jason Aycock, Senior Editor, Media and Telecoms);Stephen Alpher, Managing Editor News, co-host of Seeking Alpha's Alpha Trader podcast.AlphaTALKS videos, featuring highlights of this podcast, publish every Friday by close of trading. Learn more about your ad choices. Visit megaphone.fm/adchoices