News Highlights: Top Global Markets News of the Day

Powell Says Rise in Bond Yields Reflects Optimism About Economy

Federal Reserve Chairman Jerome Powell says he's not concerned about the recent increase in long-term bond yields, calling it "an orderly process."

Stocks End Lower Amid Decline in Tech Shares

Tech stocks and smaller companies gave up early gains as the S&P and Nasdaq ended lower amid more testimony from Jerome Powell and Janet Yellen.

Hong Kong-Listed Tech Stocks Decline Amid Concerns Over China's Tightening Regulations

Hong-Kong listed tech stocks were lower in morning trading Thursday, amid concerns of regulatory tightening in China and measures in the U.S. that could lead to delisting of some foreign companies there.

Fed's Williams Upbeat on Outlook, Offers No Clues on Rate Rise Timing

"I don't know when we will take a policy action because it will be driven by what happens in the economy," New York Fed President John Williams said.

Democrats Weigh Increases in Corporate, Personal Income-Tax Rates

As President Biden prepares to pitch his infrastructure, climate and education agenda, Democrats are considering possible tax increases alongside the effort, including boosting the corporate tax rate and the top marginal income-tax rate on individuals.

AstraZeneca Releases Covid-19 Vaccine Data Showing 76% Efficacy

The shot's performance in the updated data was in line with what the company had first reported. The results released earlier this week were questioned by an independent panel in the U.S.

EU, U.K. Seek to End Vaccine Fight as Bloc Broadens Export Controls

The U.K. and European Union said they were working on steps to defuse a fight over vaccine supplies, after the EU set out a plan that would make it easier for the bloc's governments to block Covid-19 vaccine exports.

Ship Stuck in Suez Canal Heightens Pressure on Global Supply Chain

The blockage of the Suez Canal by a grounded container ship will likely add delays and extra costs to an already pressured logistics industry, say executives, punctuating the tightness of the world's supply lines.

Debt Investors Await More Details on Biden's Infrastructure Plan

Yields have paused in recent sessions even after reports that Biden administration officials are crafting a plan for a multipart infrastructure and economic package that could cost as much as $3 trillion.

Leap in Gas Prices Puts $3 a Gallon in Sight

The prospect of summer drivers crowding U.S. highways is powering steep gains in the price of gasoline, a sign of economic recovery and a boon for the pandemic-ravaged energy industry.

  (END) Dow Jones Newswires
  03-25-21 0115ET
  Copyright (c) 2021 Dow Jones & Company, Inc.

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