Nasdaq Sets Record As Big Tech Stocks Outperform

The Nasdaq Composite rallied to a record close as investors showed renewed interest in megacap technology companies ahead of their earnings reports in the weeks ahead. 


 
Fed Says All 12 Regional Bank Presidents Approved for New Terms

The presidents and their current second-in-commands will get another five-year stint. 


 
Jobless Claims Remained Elevated Last Week

About 900,000 workers filed for unemployment benefits last week as the labor market struggles to recover this winter. 


 
U.S. Reports Second-Highest Number of Deaths in a Day

The number of Covid-19-related deaths reported in a day in the U.S. reached its second-highest level yet, even as hospitalizations continued to edge downward and the number of newly reported cases rose only slightly. 


 
ECB Holds Rates, Stimulus Steady as Lagarde Strikes Optimistic Tone

ECB President Christine Lagarde sounded a cautiously optimistic note on Europe's economic recovery despite a wave of Covid-19 infections that has closed shops, schools and businesses across the region. 


 
Investment-Grade Bonds Stumble on Rising Yields

Investors who hold bonds from highly rated companies lost about 0.90% on average this year through Jan. 20 and rising U.S. Treasury yields are stoking worries that worse has yet to come. 


 
Bank Heavyweights Help Financial ETF Set Record

Flows of $3.6 billion so far in January into the Financial Select Sector SPDR exchange-traded fund already exceed every full-month total since November 2016. 


 
Biden's Agenda Faces Early Hurdles in a Divided Congress

GOP senators refused to strike to a power-sharing agreement unless Democrats maintain the filibuster, potentially delaying President Biden's cabinet picks and legislative agenda. 


 
Altered Vaccine Data Exposes Critical Cyber Risks

Hackers manipulated stolen data related to coronavirus vaccines before publishing it on the dark web, according to the European Medicines Agency. 


 
Medical-Technology Startups Post Strong Year for IPOs, Acquisitions

Acquisitions and initial public offerings of venture-backed medical-device companies surged in 2020 as entrepreneurs capitalized on rising interest in health-care technologies.

(END) Dow Jones Newswires

01-21-21 1915ET