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
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
Democrats Dealt Blow on
The neutral arbiter of the Senate's rules said she thought it didn't meet the guidelines for reconciliation.
(END) Dow Jones Newswires02-26-21 0715ET Copyright (c) 2021 Dow Jones & Company, Inc.
