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 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 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 CRM, HP HPQ, Moderna MRNA, Beyond Meat BYND, Workday WDAY, First Solar FSLR, DoorDash DASH and Airbnb ABNB.