What's Moving The Market Tuesday?
- U.S. New Home Sales decreased from 923,000 in January to 775,000 in February.
- New York City Mayor Bill De Blasio said city employees working remotely can return to their offices starting May 3, 2021.
- Dolphin Entertainment (NASDAQ:DLPN) launched a new Non-Fungible Token division, expecting several upcoming projects and partnerships.
- Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell testified to the Financial Services Committee of House of Representatives.
- White House said it is considering executive actions on gun violence. Sturm Ruger & Co (NYSE:RGR) and Smith & Wesson Brands (NASDAQ:SWBI) shares spiked higher on volume, before reversing lower.
- Robinhood reportedly filed confidentially for an Initial Public Offering (IPO).
- GameStop (NYSE:GME) reported Q4 earnings results, missing analyst's estimates. The company continued to suspend guidance.
Indices Around The Globe
- S&P 500 Futures down 0.74% to near 3,900.
- UK's FTSE 100 down 0.4% to near 6,699.
- Japan's Nikkei 225 down 0.61% to near 28,995.
- 10-year treasury yield at 1.61%.
- Crude oil down 6.56% to near $57.52/barrel.
- Gold down 0.66% to near $1,726/oz.
- Silver down 2.63% to near $25.09/oz.
- Bitcoin down 1.61% over the last 24 hours to near $54,965.
Preview For Wednesday, March 24
- Core Durable Goods Orders – 8:30 a.m. EDT
- Crude Oil Inventories – 10:30 a.m. EDT
- Federal Reserve Chairman Powell to testify to Congress
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