Stocks Fall as Dow Posts Worst Day Since February

Investors around the world retreated from stocks, with a selloff in technology companies spreading to other sectors as concerns about inflation spurred a return of volatility in the markets. 


 
More States to Reject Extra $300 Payment for Unemployed

A growing number of GOP governors say U.S. payments are providing a disincentive for people to work, while the Biden administration says workers' fear of Covid-19 and a lack of child care are holding back hiring. 


 
Fed's Brainard and Other Central Bankers Affirm Steady Monetary Policy Stance

The central bank governor said it's important for the Fed to remain patient. 


 
U.S. Home Prices Surge, Scaring Off Some Buyers

Home prices rose in nearly every corner of the country in the first quarter, showing little sign of fading soon with limited housing inventory and robust buyer demand. 


 
Employers, Prepare for a Wage Jolt

Businesses must prepare to pay more for staffing in a tightening job market where it is harder to attract pandemic-scarred workers. 


 
East Coast Drivers Make Run on Gas Stations

The Colonial Pipeline shutdown is prompting fears of gasoline shortages, particularly in Southeastern states heavily dependent on the conduit for fuel. 


 
Few Signs of Recovery for U.S. Oil Production, OPEC Says

American oil production is set to drop again this year, with the shale industry's output showing few signs of recovery despite a broader pickup in economic activity, OPEC said. 


 
Ray Dalio Raises Inflation Concerns Over Federal Spending

The billionaire hedge-fund manager said the Biden administration's economic agenda risks devaluing the U.S. dollar, but he largely dismissed concerns that federal jobless aid is slowing the recovery. 


 
Job Openings Reach Record as Hiring Slows

Job openings in the U.S. reached 8.1 million at the end of March, the Labor Department said, reflecting a widening gap between open positions and workers willing and able to take those roles. 


 
New U.S. Covid-19 Cases Under 40,000 for Third Day

Newly reported coronavirus cases in the U.S. stayed under 40,000 for the third consecutive day, as Covid-19 vaccinations were set to be expanded to younger people.

(END) Dow Jones Newswires

05-11-21 2115ET