DJ News Highlights: Top Global Markets News of the Day
The S&P 500 and Nasdaq rose to new highs after filings for U.S. unemployment benefits showed a decline from the previous week, with investors watching for signs that the economic recovery remains under way.
Newly reported Covid-19 cases in the U.S. were down slightly from a day earlier, but deaths hit their highest daily tally yet, as a backlog of cases in Indiana was added to the nation's total.
German manufacturing orders fell 1.9% in December, suggesting the stricter lockdown in the country and continuing restrictions across the eurozone had a negative impact on the industrial sector.
The Treasury Department, SEC and other regulators discussed market functionality and recent trading practices in equity, commodity and related markets.
Ninety-four members belong to the party that won their state's presidential contest. With more voters siding with a single party, it may mean many lawmakers have less flexibility to make deals with the opposing party.
Average daily trading volume on Tradeweb's online bond trading platform topped $1 trillion in January. Other firms are also seeing a surge in trading.
The Reserve Bank of India kept its lending rate unchanged, while saying that the outlook for growth has improved significantly.
GPB Capital faces a Martin Act complaint in New York and civil fraud claims from the Securities and Exchange Commission.
Investors should take at least a crumb of comfort that the market has so far avoided a major tumble thanks to GameStop.
The Reddit-fueled frenzy in stocks such is prompting calls for regulators to reconsider a decades-old practice in the U.S. stock market: payment for order flow.
(END) Dow Jones Newswires
February 05, 2021 05:00 ET (10:00 GMT)
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