News Highlights: Top Global Markets News of the Day

Stock Futures Point to Further Losses After Tech Selloff

The S&P 500 is on track for its worst week in a month after bond yields rose sharply, damping appetite for technology shares and riskier assets.

Boost to Household Income Primes U.S. Economy for Stronger Growth

Consumers are expected to step up spending after receiving stimulus payments and special jobless benefits, priming the economy for a surge in growth this year.

New U.S. Cases Top 70,000 for Third Day in a Row

Newly reported coronavirus cases in the U.S. topped 70,000 for the third consecutive day, but hospitalizations continued to decline as vaccination campaigns across the country ramped up.

Mortgage IPO Boom Wanes

Initial public offerings for mortgage lenders haven't worked out the way all the companies were hoping.

GameStop Resurgence Reinforces New Reality for Hedge Funds

Investors have pared back their bearish bets a full month after the GameStop frenzy took off, showing the lasting effects of the Reddit-fueled saga on funds that make money by shorting.

Post-Covid-19, Shipping Tailwinds Will Still be Strong

Shares such as Cosco have benefited from surging trade during the pandemic.

U.S. Airstrike in Syria Targets 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.

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.

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.

  (END) Dow Jones Newswires
  02-26-21 0715ET
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