What's Moving The Market Wednesday?

Top News

• Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell continued their testimony in front of the House Financial Services Committee. 
• U.S. Services Purchasing Manager's Index increased from 59.80 in February to 60 In March.
• Centers for Disease Control and Prevention Director Rochelle Walensky said she remains worried about latest COVID-19 data and apparent stall in the pandemic's trajectory.
• German Chancellor Angela Merkel said the British COVID-19 variant is proven to be more dangerous to young people.
• U.S. National Institute of Allergy and Infectious Diseases Director, Anthony Fauci said AstraZeneca AZN will likely release a modified statement for its vaccine. Fauci also said the level of daily COVID-19 infections is still high, and with levels this high it's too early to declare victory.
• New York reached a deal to legalize cannabis. Cannabis stocks traded higher Wednesday.

Indices Around The Globe

• S&P 500 Futures down 0.47% to near 3,881.
• U.K.'s FTSE 100 up 0.2% to near 6,712.
• Japan's Nikkei 225 down 2.04% to near 28,405.

Bonds

• 10-year treasury yield at 1.60%.

Commodities

• Crude oil up 5.16% to near $60.74/barrel.
• Gold up 0.45% to near $1,732/oz.
• Silver down 0.34% to near $25.14/oz.

Crypto

• Bitcoin up 0.30% over the last 24 hours to near $55.499.

Preview For Thursday, March 25

• Initial Jobless Claims - 8:30 a.m. EDT
• Honeywell HON investor webcast - 10:30 a.m. EDT