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What's Moving The Market Friday? US Stocks Near Flat, Euro, Asian Stocks Lower

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What's Moving The Market Friday? US Stocks Near Flat, Euro, Asian Stocks Lower

Indices Around The Globe

  • S&P 500 Futures about flat, rebounded off 3,785 session low
  • UK's FTSE 100 down 2.57%
  • Japan's Nikkei 225 down 4%

Bonds

  • 10-year treasury yield at 1.50%

Commodities

  • Crude oil down ~1.80% to near $62.43/barrel
  • Gold down 2.39% to near $1,727/oz.
  • Silver down 3.88% to near $26.33/oz.

Crypto

  • Bitcoin down 7% over last 24 hours to around $47,984.

Top News

  • The 10-year treasury remains at one-year highs.
  • Johnson & Johnson's (NYSE: JNJ) COVID-19 vaccine expected to receive European Union approval in early March.  Also, The Biden Administration is said to be preparing a messaging campaign around Johnson & Johnson’s Janssen vaccine. The White House is reportedly really worried about the concern that the Janssen vaccine is less effective than Pfizer-BioNTech’s and Moderna’s vaccine.
  • Eli Lilly (NYSE: LLY) announced additional doses of neutralizing antibody therapy to treat COVID-19 purchased by the U.S. government. The company reported a purchase agreement of $210 million, for 100,000 doses of bamlanivimab 700 mg, and etesevimab 1400 mg, together.
  • U.S. President Biden won’t overrule parliamentarians minimum wage ruling. Senate Parliamentarian Elizabeth MacDonough made her decision Thursday afternoon, declaring the U.S. Senate cannot vote on a federal minimum wage increase.
  • Earnings season tapering off. Thursday was the busiest day of the fourth-quarter earnings season, with highlights from Salesforce.com (NYSE: CRM), HP (NYSE: HPQ), Moderna (NASDAQ: MRNA), Beyond Meat (NASDAQ: BYND), Workday (NASDAQ: WDAY), First Solar (NASDAQ: FSLR), DoorDash (NASDAQ: DASH) and Airbnb (NASDAQ: ABNB).
 

Related Articles (BYND + ABNB)

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