Stocks Rise as Tech Shares Rebound

Major stock indexes rallied and the recent selloff in government bonds paused a day after the tech-heavy Nasdaq fell into correction territory. 


 
Volatility Hits the Sizzling SPAC Market

Shares of technology firms and special-purpose acquisition companies surged, rebounding after a weekslong streak of declines that pushed some popular SPACs down 20% or more in a month. 


 
GameStop Saga Prompts SEC to Weigh Review of Stock Order System

The practice, known as payment for order flow, is decades old but has generated greater scrutiny as more individual investors trade on brokerage apps. 


 
Tesla vs. Exxon Is the Perfect Recovery Bet

A recent fall in Tesla's stock at the same time as Exxon has risen marks a stunning reversal that reveals two bigger trends: the stimulus-driven economy and its effect on bond yields. 


 
SPAC Pioneers Reap the Rewards After Waiting Nearly 30 Years

SPACs have raised more than $70 billion this year, jarring the banker and lawyer who invented the product and watched it struggle for nearly three decades. 


 
Crowded Bet Against 10-Year Treasury Hits Repo Market

Investor bets on rising interest rates are sparking a strange inversion in the repo market, where hedge funds and other investors are paying to lend cash in exchange for 10-year Treasurys. 


 
EU Seeks to Double Share of World Chip Market by 2030 in 'Digital Sovereignty' Drive

The European Union is pledging more than $150 billion to develop next-generation digital industries this decade as it seeks to reverse a widening gap with the U.S. and East Asian rivals. 


 
Unexpected U.S. Growth Surge Could Unbalance Fragile Global Economy

The rise in Treasury yields in response to higher growth and inflation expectations could spark capital flight from emerging economies, where vaccine campaigns have barely begun and whose recovery is expected to take longer. 


 
Bank Regulation Tweak Unlikely to Be Cure-All for Treasurys

Extending a pandemic rule enabling banks to hold more Treasurys may have a limited impact on rising yields. 


 
U.S and China Engage, Tentatively, on Climate Change

The U.S. and China are engaged in a confidence-building exercise that could show whether the world's two largest economies can work together on shared priorities despite a badly strained bilateral relationship.

(END) Dow Jones Newswires

03-09-21 1915ET