What's Moving The Market Tuesday?

Top News

• The U.S. Retail Sales fell from 5.3% in January to -3% in February.
• The New York Stock Exchange said they support T+1 trade settlement, meaning trades could take one day to settle.
• U.S. 20-Year bond auction marked a yield of 2.29%, sending equities higher.
• CrowdStrike CRWD reported better than expected Q4 results. The stock moved higher in afterhours trade.
• Virgin Galactic SPCE initiated as a new buy at Truist Financial, including a new street high target of $50. Shares traded higher after the close.
• U.S. President Biden to hold his first formal press conference on the afternoon of Tuesday, March 25, according to The White House.
• American Petroleum Institute weekly data showed a draw in crude inventories of 1,000,000, a draw in gasoline inventories of 926,000, and a build in distillate inventories of 904,000.

Indices Around The Globe

• S&P 500 Futures marked a new all-time high near 3,970, before reversing lower. Down 0.25% for the intraday session.
• UK's FTSE 100 up 0.80% to near 6,803.
• Japan's Nikkei 225 up 0.52% to near 29,921.

Bonds

• 10-year treasury yield at 1.62%.

Commodities

• Crude oil down 0.64% to near $64.97/barrel.
• Gold down 0.03% to near $1,728/oz.
• Silver down 1.34% to near $25.93/oz.

Crypto

• Bitcoin down 0.89% over the last 24 hours to near $56.272.

Preview For Wednesday, March 17

• Starbucks SBUX to host annual shareholder meeting Wednesday, starting at 1 p.m. EDT
• Federal Reserve Chairman Jerome Powell to speak following the FOMC meeting, starting at 2:30 p.m. EDT