By Caitlin OstroffU.S. stocks fell Thursday as shares of technology companies and other high-growth stocks succumbed to another selloff in the government bond market. Signs of a recovering economy have led investors to dump government bonds, pushing yields higher. Shares of financial stocks in the S&P 500 rose 1.3%, as investors priced in the likelihood that banks could earn more on the loans they issue. While filings for jobless claims, a proxy for layoffs, has fallen from its peak last year, they remain at historically high levels. Write to Caitlin Ostroff at caitlin.ostroff@wsj.com(END) Dow Jones NewswiresMarch 18, 2021 10:22 ET (14:22 GMT)Copyright (c) 2021 Dow Jones & Company, Inc.

Source: Wall Street Journal March 18, 2021 14:15 UTC