News Highlights: Top Global Markets News of the Day

Stocks Fall on Retail Sales Data

Major indexes slipped Tuesday after the Nasdaq Composite and S&P 500 set fresh records the day before.

America's Shopping Spree Will Be Bumpy

Retail sales figures sent a mixed message, but the general direction is likely more spending ahead.

Uranium Investors Have Become Overly Reactive

A group of uranium mining companies saw their stock prices plunge after a performance issue was flagged at a Chinese nuclear power plant. The reaction seems overdone.

Copper Falls to Eight-Week Low on Fear China Might Release Stockpiles

Copper prices fell to their lowest level in eight weeks on concerns that China may tamp down on rising commodity prices and that the metal's red-hot rally has gone too far.

Lina Khan, Critic of Large Tech Firms, Confirmed for Federal Trade Commission

The Biden nominee has been the leader of a movement that says antitrust enforcement has done too little to stop mergers that have eroded competition. Her confirmation gives Democrats at least a temporary majority on the FTC.

Producer Prices Rose Strongly in May, Adding to Inflation Pressures

The prices that suppliers are charging businesses and other customers rose 0.8% from April, with most of the increase coming from goods prices.

End of Boeing-Airbus Spat Begins the Battle With China

The agreement to end a 17-year-long trade war over commercial planes is a necessary step in the face-off against China's Comac.

JPMorgan, Other Major U.S. Banks Excluded From Landmark European Bond Program

The European Union excluded some of the world's largest banks, including Bank of America and UniCredit, from working on a nearly $1 trillion coronavirus relief bond program, citing recent cases in which regulators punished them for forming cartels.

Software Maker Addepar Valued at $2.17 Billion

The wealth-management software provider said it had raised $150 million from New York hedge-fund firm D1 Capital Partners.

Lumber Prices Are Falling Fast, Turning Hoarders Into Sellers

Prices have dropped from record highs spurred by the economic reopening, potentially pointing to an eventual return to normalcy.


  (END) Dow Jones Newswires
  06-15-21 1515ET
  Copyright (c) 2021 Dow Jones & Company, Inc.

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.