Tech Stocks Lead S&P 500, Nasdaq Lower

U.S. stocks edged away from record territory as investors sold shares of technology and communications stocks and Treasury yields climbed. 


 
Confidence in U.S. Economy Approaches Pre-Pandemic Level

A measure of consumers' confidence in the economy has reached a more than one-year high, approaching the pre-pandemic level of February 2020. 


 
Biden Administration to Finance $8 Billion in Power-Grid Upgrades

The administration sees the program as part of its effort to address climate change through infrastructure improvements needed to expand use of alternative energy. 


 
Iron Ore Notches Record Price Amid Steel-Market Boom

Iron-ore price has surged by 18% in April, extending a rally that began at less than $100 a ton in the middle of 2020, as Chinese steelmakers churn out high volumes of steel despite Beijing's efforts to curb capacity to lower pollution. 


 
China's Imports of Commodities Drive a Boom in Dry-Bulk Shipping

The cost of moving goods like iron, coal and corn jumped to a 10-year high this week in a sharp rebound from last year's industrial downturn. 


 
MicroVision Is the Latest Stock WallStreetBets Can't Stop Buzzing About

Shares in the little known technology company have nearly doubled in the past week as individual investors pile in. 


 
U.S. Aims to Shape New Phase of WHO-Led Probe Into Origin of Covid-19

The U.S. is expected to urge more testing of animals and humans as it moves to assert greater influence over the WHO-led search for the source of the Covid-19 pandemic. 


 
Fall in U.K. Retail Prices Slows in April

Prices at U.K. retail stores continue to fall but at a slower pace, anticipating a period of return to inflation as the reopening of the economy starts to bring a rebalancing of consumer spend, according to a Nielsen and the British Retail Consortium report. 


 
Ant IPO-Approval Process Under Investigation by Beijing

China's central government is investigating how Jack Ma won speedy approvals for his Ant Group's stock listing last year, signaling that state actors are getting embroiled in the crackdown on the tech billionaire. 


 
Archegos Hit Tops $10 Billion After UBS, Nomura Losses

The battering to Wall Street banks from Archegos Capital Management topped $10 billion after Switzerland's UBS and Japan's Nomura reported fresh hits caused by the fund's collapse.

(END) Dow Jones Newswires

04-27-21 2115ET