Dow slumps 300 points, Nasdaq wipes out 2021 gains as stock market shrugs off upbeat jobs data

MARKETWATCH FRONT PAGE

U.S. stocks head lower Thursday with the main benchmarks on pace to slump for a third session, even as the latest data on the economy appeared to point to improvement as the country emerges from the COVID pandemic. See full story.

Immigration, infrastructure and China: What to watch for at Biden’s first news conference

President Joe Biden will on Thursday field reporters’ questions on topics that could range from the administration’s next stimulus plan to the surge of migrants at the Mexican border to the Senate’s filibuster rule. See full story.

Gig workers face tax change from Democrats’ $1.9 trillion stimulus package

Gig workers are set to see a tax-related change due to Democrats’ $1.9 trillion COVID-19 aid package. See full story.

U.S. GDP growth in fourth quarter raised slightly to 4.3% – and all signs point to economy speeding up

The growth in the U.S. economy in the fourth quarter clocked in at an 4.3% annual pace, a touch higher than previous reported. See full story.

Why the blockage of the Suez Canal matters for oil prices

The importance of the Suez Canal was laid bare Wednesday, as oil prices rallied after a cargo ship ran aground, blocking the critical chokepoint for Persian Gulf oil. See full story.

MARKETWATCH PERSONAL FINANCE

‘My father-in-law is extremely attached emotionally to the car, because it belonged to his mother. That said, my wife and I are expecting our first child in roughly 3 months.’ See full story.

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