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MarketWatch MarketPulseFeb 25, 2021
Stock-market futures and oil hold steady as U.S. launches attack against Iran-backed militia in Syria
U.S. stock-market index and oil futures Thursday night were seeing muted moves amid news that the Biden administration had launched airstrikes in Syria, targeting facilities near the Iraqi border used by Iranian-backed militia groups. Futures for the Dow Jones Industrial Average were down less than 0.1% at 31,364, those for the S&P 500 index were also off less than 0.1% at 3,827.75, while Nasdaq-100 futures were down 0.4% at 12,787.50. The strikes were retaliation for a rocket attack in Iraq earlier in February that killed one civilian contractor and wounded a U.S. service member and other coalition troops, according to the Pentagon, the Associated Press reported. U.S. crude-oil futures were off 0.7% at $63.04 a barrel and global benchmark Brent crude was trading 0.9% lower at $65.59 a barrel on Globex. Equity markets on Thursday ended sharply lower amid a rapid rise in bond yields, with the 10-year Treasury note touching around 1.6%, undercutting appetite for assets percieved as risky like stocks against risk-free government debt. On Thursday, the Dow booked its steepest one-day slide since Jan. 29, the S&P 500 index closed down 2.5% to mark the biggest daily slump in three weeks and the Nasdaq Composite Index ended the session off 3.5% to mark its worst day since October.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatchFeb 25, 2021
Capitol Report: $15 minimum wage won't make it into Biden's $1.9 trillion COVID relief package — but lawmakers have other options
'Democrats are unanimous that they want to raise the minimum wage. The question is, what level and how fast?'

RELATED ARTICLES
Capitol Report: The Trump tariffs aren't going away quickly, Biden's top trade nominee signals (MarketWatch)
Chip Makers Applaud Biden's Catch-Up Effort but See No Quick Fix (Wall Street Journal US Business)

FT.com - USFeb 25, 2021
Biden's hopes for minimum wage increase suffers setback in Senate
Senate parliamentarian rules vote on pay provision needs approval by more than a simple majority
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