Stocks Fall Sharply, Led Lower by Tech Shares
The Dow industrials declined about 1.8% a day after the blue-chip index notched a record. The tech-heavy Nasdaq Composite tumbled more than 3%.
GameStop's Stock Posts Big Swings, Retail ETF Follows
The return of volatility to GameStop shares has dragged investors in State Street's SPDR S&P Retail ETF along for the ride once again.
Unemployment Claims Fell Sharply Last Week
The number of workers seeking unemployment benefits dropped to 730,000 last week, showing the job market could be stabilizing. Winter storms, however, may have disrupted filings.
Dead Chickens, Frozen Oranges Confront Farmers After Severe Cold
Severe winter conditions are estimated to have cost farmers and agriculture companies across the U.S. south hundreds of millions of dollars.
Fed Officials Upbeat on Outlook, Bond Yield Rise Not Source of Concern
Federal Reserve officials said they continue to see the U.S. economy in recovery mode, with several noting they aren't concerned about the recent rise in long-term bond yields and see no need to use monetary policy to push against it.
Head of Canada's Biggest Pension Fund Traveled to Middle East And Received Covid-19 Vaccine
Mark Machin, the chief executive of the $379 billion Canada Pension Plan Investment Board, arrived in the United Arab Emirates with his partner and received the first dose of a vaccine developed by Pfizer Inc. and Germany's BioNTech SE, according to people familiar with the matter.
Charlie Munger Renews Robinhood Criticism
Mr. Munger's comments prompted a sharp retort from Robinhood, which called them "disappointing and elitist."
Durable-Goods Climbed 3.4% in January
Demand for long-lasting manufactured goods jumped in January, as the U.S. economic recovery gained momentum at the start of the year.
Global Trade Roars Back From Depths of Pandemic
China and other Asian manufacturing countries have grabbed a bigger slice of exports of everything from masks to bikes-market share they will likely keep after the public-health crisis fades.
China Lets Yuan Rise Steadily, Pressuring Exporters
Economists say Beijing appears to be comfortable with a stronger yuan partly because it could help rebalance China's economy toward consumption and make it cheaper for China to import commodities and chips.
(END) Dow Jones Newswires
02-25-21 1915ET