News Highlights: Top Global Markets News of the Day

Global Markets Fall After Bond Yields Surge

International stocks dropped Friday, tracking declines in U.S. indexes, as a selloff in bonds helped dent investor appetite for richly valued shares.

Biden Orders U.S. Airstrike in Syria, Targeting Iran-Backed Militia

The airstrike was the first known instance in which the Biden administration had approved the use of military force against an adversary since taking office last month.

Fed Officials Upbeat on Outlook, Bond Yield Rise Not Source of Concern

Federal Reserve officials said they continue to see the U.S. economy in recovery mode, with several noting they aren't concerned about the recent rise in long-term bond yields and see no need to use monetary policy to push against it.

GameStop's Stock Posts Big Swings, Retail ETF Follows

The return of volatility to GameStop shares has dragged investors in State Street's SPDR S&P Retail ETF along for the ride once again.

Democrats Dealt Blow on Minimum-Wage Drive for Covid-19 Bill

The neutral arbiter of the Senate's rules said she thought it didn't meet the guidelines for reconciliation.

Fed Attributes Payment Systems Outage to 'Human Error'

The mistake caused key financial services to shut down for about four hours Wednesday.

Charlie Munger Renews Robinhood Criticism

Mr. Munger's comments prompted a sharp retort from Robinhood, which called them "disappointing and elitist."

Dead Chickens, Frozen Oranges Confront Farmers After Severe Cold

Severe winter conditions are estimated to have cost farmers and agriculture companies across the U.S. south hundreds of millions of dollars.

Top Pension Fund Head Beat Canada's Covid-19 Vaccine Queue by Getting a Shot in Middle East

Mark Machin arrived in the United Arab Emirates with his partner and received the first dose of a vaccine developed by Pfizer and BioNTech, people familiar with the matter said.

China Lets Yuan Rise Steadily, Pressuring Exporters

Economists say Beijing appears to be comfortable with a stronger yuan partly because it could help rebalance China's economy toward consumption and make it cheaper for China to import commodities and chips.

  (END) Dow Jones Newswires
  02-26-21 0115ET
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