Local authorities said a company in Tuapse, Russia sustained minor damage after a drone strike.

S&P Dow Jones Indices said Twilio, a constituent of the S&P MidCap 400, will replace Warner Bros. Discovery (WBD.O) and be added to the S&P 500. Vylor has also been added to the S&P 500.

Logan, a 2026 FOMC voter and Dallas Fed president, said the Fed should raise rates by at least 50 bps and will likely need several additional hikes to offset last autumn’s cuts. He warned inflation cannot reach the Fed’s 2% target without higher rates and said policy should be kept modestly restrictive, though the exact level is uncertain and may require further tightening. On the recent rise in US Treasury yields, Logan said if moves reflect markets pricing a more aggressive Fed, that does not substitute for policy action; if driven by a higher term premium, the rise could slow growth and reduce the need for additional tightening.