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News Highlights: Top Global Markets News of the Day

07/27/2021 | 09:16pm EDT
Lawmakers Say Infrastructure Deal Within Reach 

Bipartisan Senate negotiators are working through transit funding and other issues that have bogged down talks on a $1 trillion infrastructure package.

Nasdaq, Tech Stocks Lead Market Lower 

U.S. stocks slipped from records, breaking a five-session winning streak for all three major indexes.

Credit Suisse Expected to Publish Details of Archegos Failures 

The report could come as soon as Thursday and is likely to focus on the bank's risk management unit, human errors in judgment and unheeded risk in concentrated positions.

Vaccination Rates Drive Global Economic Growth Prospects, IMF Says 

The global economic outlook is diverging based largely on how well countries are rolling out Covid-19 vaccinations, according to new forecasts by the International Monetary Fund.

U.S. Durable-Goods Orders Advanced in June 

New orders for products meant to last at least three years increased 0.8% to a seasonally adjusted $257.6 billion in June as compared with May.

Is Tesla the Meme Stock of Yesteryear? 

Just as Elon Musk's firm begins to look fundamentally more solid, investors have moved on to other speculative objects.

U.S. Home-Price Growth Rose to Record in May 

The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas, rose 16.6%, the highest annual rate of price growth since the index began in 1987.

What to Know About Robinhood's IPO 

The offering will be a test of whether individual investors want to stay on the sidelines or jump into this type of investing.

Commercial-Property Sales Volume Returns to Prepandemic Levels 

The recovery has been fueled by historically low interest rates and the belief of many investors that the worst of Covid-19 is over.

Coffee Prices Jump to Six-Year High as Brazilian Frost Threatens Crop 

The cold snap is the second weather shock in recent months to strike farmers in Brazil, the world's biggest coffee producer, threatening to drive up costs at cafes and breakfast tables around the world.

(END) Dow Jones Newswires

07-27-21 2115ET

Stocks mentioned in the article
ChangeLast1st jan.
CORELOGIC, INC. 0.59% 80 End-of-day quote.3.47%
DJ INDUSTRIAL -1.78% 33970.47 Delayed Quote.13.00%
EURO / BRAZILIAN REAL (EUR/BRL) 0.03% 6.2463 Delayed Quote.-2.35%
NASDAQ COMP. -2.19% 14713.902994 Real-time Quote.16.73%
ROBINHOOD MARKETS, INC. -3.96% 40.7 Delayed Quote.0.00%
TESLA, INC. -3.86% 730.17 Delayed Quote.3.47%
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