Sunday news business

Here are some of the top business stories from Sunday:

Market Recap

• The Dow Jones Industrial Average fell 0.2% to 34,033.59, while the S&P 500 index dropped 0.3% to 4,155.54.
• The Nasdaq composite index declined 0.4% to 13,543.15.
• The yield on the 10-year Treasury note fell to 1.53% from 1.55% on Friday.

Economy

• The U.S. economy grew at a 6.4% annual rate in the fourth quarter, according to the Commerce Department, slightly below expectations.
• The Federal Reserve Bank of New York said its Empire State manufacturing index fell to 15.6 in February, down from 17.1 in January.

Tech

• Apple (AAPL) announced a new iPhone SE with a lower price point, starting at $399.
• Amazon (AMZN) said it will acquire MGM Studios for $8.45 billion.

Finance

• The Federal Reserve said it will keep interest rates unchanged and continue to buy bonds to support the economy.
• The European Central Bank also kept interest rates steady and announced a new stimulus package.

Energy

• Oil prices fell 2.5% to $63.45 per barrel, as concerns about the global economy and rising COVID-19 cases weighed on demand.
• Natural gas prices rose 2.1% to $2.63 per million British thermal units, as cold weather in the U.S. boosted demand.

Retail

• Walmart (WMT) reported a 2.8% increase in same-store sales for the fourth quarter, beating expectations.
• Target (TGT) said its same-store sales rose 4.6% in the fourth quarter, also beating expectations.

Other News

• The U.S. and China agreed to a phase-one trade deal, which will reduce tariffs on some goods and increase U.S. agricultural exports to China.
• The European Union and the U.K. agreed to a new trade deal, which will reduce tariffs and increase trade between the two regions.

These are just some of the top business stories from Sunday. Let me know if you'd like me to summarize any other news or provide more information on a specific topic!