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Market Overview

What's Moving The Market Wednesday?

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What's Moving The Market Wednesday?

Top News

  • Federal Open Market Committee issued statement, leaving rates unchanged.
  • The Federal Reserve raised US GDP forecast for 2021 from 4.2% to 6.5%.
  • Federal Reserve Chairman Jerome Powell held a press conference, following the FOMC statement.
  • The U.S. Building Permits fell from 1,886,000 in January to 1,682,000 in February.
  • A spokesperson for the French government said the Prime Minister will announce new COVID-19 measures on Thursday, March 18.
  • Upstart (NASDAQ: UPST) reported better than expected Q4 results, and announced an acquisition of Prodigy Software. Shares traded higher after the close.
  • Lordstown Motors (NASDAQ: RIDE) said they have received a request for information from the Securities and Exchange Commission, regarding Hindenburg's report.

Indices Around The Globe

  • S&P 500 Futures rallied above 3,973 following the FOMC statement, up 0.25% for the session.
  • UK's FTSE 100 down 0.60% to near 6,762.
  • Japan's Nikkei 225 down 0.02% to near 29,914.

Bonds

  • 10-year treasury yield at 1.64%.

Commodities

  • Crude oil down 0.40% to near $64.54/barrel.
  • Gold up 0.75% to near $1,743/oz.
  • Silver up 1.60% to near $26.42/oz.

Crypto

  • Bitcoin up 2.87% over the last 24 hours to near $58,231.

Preview For Thursday, March 18

  • Jobless Claims data - 5:30 a.m. EDT
  • Nike (NYSE: NKE) will report Q3 results after the close.
  • FedEx (NYSE: FDX) will report Q3 results after the close.
  • Carnival (NYSE: CCL) will report Q1 results after the close.
 

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