What's Moving The Market Thursday?

Top News

  • President Joe Biden signed the $1.9-trillion COVID-19 relief bill Thursday, March 11. The U.S. House of Representatives passed the motion Wednesday, March 10.
  • Biden was expected to sign the bill Friday. 
  • Initial jobless claims for the first week of March showed a decrease from 745,000 in the prior week to 712,000 filings. 
  • Denmark, Italy and Iceland suspended use of the AstraZeneca AZN vaccine in a precautionary decision following unconfirmed reports of blood clots linked to vaccine shots, with an investigation ongoing.
  • Novavax NVAX confirmed high efficacy against both original and variant strains of COVID-19.
  • Novavax shares moved higher in aftermarket trade.

Indices Around The Globe

  • S&P 500 Futures approached a new all time high, 3,959.25, before reversing to near 3,936.
  • UK's FTSE 100 is up 0.17% to near 6,736.
  • Japan's Nikkei 225 is up 0.6% to near 29,211.

Bonds

  • 10-year treasury yield at 1.53%.

Commodities

  • Crude oil up 2.62% to near $66.13/barrel.
  • Gold down 0.09% to near $1,723/oz.
  • Silver down 0.11% to near $26.15/oz.

Crypto

  • Bitcoin up 3.09% over the last 24 hours to near $57,779.

Preview For Friday, March 12

  • U.S. Producer Price Index data - 8:30 a.m. EST
  • Michigan survey data - 10 a.m. EST
  • AT&T T will host their Analyst Day webcast, starting at 10 a.m. EST
  • Baker Hughes Rig Count data to be released at 4 p.m. EST
  • U.S. Federal Budget data - 5 p.m. EST
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