News Highlights: Top Global Markets News of the Day

BY Dow Jones & Company, Inc. | ECONOMIC | 03/03/21 09:15 AM EST

U.S. private payrolls increased by 'sluggish' 117,000 in February, ADP says

Private payrolls rose by 117,000 jobs in February after adding a revised 195,000 in the prior month, according to the ADP National Employment Report released Wednesday.

Stock Futures Waver on Vaccine, Stimulus Hopes

U.S. stock futures wavered on optimism that the rollout of Covid-19 vaccines and progress toward a deal on a new fiscal-stimulus bill augur well for the economic rebound

Biden Says U.S. to Have Vaccines for All Adults by End of May

The president said enough vaccines would be available two months earlier than he had previously indicated, after Merck agreed to help Johnson & Johnson produce shots.

Bank Appetite for Bonds Fueled by Capital Holiday

Treasury prices have stabilized following last month's rout, but many investors say a continued recovery likely hinges on an imminent decision on U.S. capital rules for banks.

More Rate Scares Ahead for Stocks

Market selloffs based on fears of higher interest rates are likely to become a frequent occurrence.

Off-Price Retail Is Fully Priced

Considering some of the uncertainties of the post-Covid retail environment, off-price retailers such as TJX and Ross Stores are already priced for perfection.

Chips' Political Moment Will Need to Last

A shortage of semiconductor manufacturing capacity is a complex problem that government dollars alone won't solve.

Wall Street Lobbies to Bring More ESG Funds Into 401(k)s

Money managers are pushing for a revision of a Labor Department rule that effectively bars socially focused funds from many retirement plans.

How the Oil Market Bounced Back From a Year of Crisis

Oil prices have staged a rapid recovery since the biggest crisis to strike the energy industry in decades. Here is why U.S. crude prices have roared back above $60 a barrel from a low of minus $37.63 a barrel last April.

New U.S. Cases Ease, but Deaths Tick Higher

Newly reported Covid-19 cases in the U.S. were down from a day earlier, but deaths ticked higher again, as President Biden said the nation would have enough vaccines for all adults by the end of May, two months earlier than he previously said.

  (END) Dow Jones Newswires
  03-03-21 0915ET
  Copyright (c) 2021 Dow Jones & Company, Inc.

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.