What's Moving The Market Thursday?

Top News

• U.S. Initial Jobless Claims fell from 770,000 in the prior week to 684,000 for the week ending March 19.
• The Securities and Exchange Commission opened an inquiry into special purpose acquisition company (SPAC) dealings at four Wall Street banks.
• Twitter TWTR, Facebook FB, and Google GOOGL CEOs testified on Capitol Hill.
• Novavax NVAX delayed the signing of a contract to supply the companies' COVID-19 vaccine to the European Union. Novavax said the company is facing shortages of raw materials.
• U.S. President Joe Biden held his first formal press conference at the White House. He said he plans on running for re-election.
• Robinhood is said to be working on a platform to allow users to buy directly into Initial Public Offerings (IPOs), including it's own upcoming listing.

Indices Around The Globe

• S&P 500 Futures up 0.63% to near 3,905.
• U.K.'s FTSE 100 down 0.57% to near 6,674.
• Japan's Nikkei 225 up 1.14% to near 28,729.

Bonds

• 10-year treasury yield at 1.62%.

Commodities

• Crude oil down 4.46% to near $58.45/barrel.
• Gold down 0.42% to near $1,725/oz.
• Silver down 0.3% to near $25.15/oz.

Crypto

• Bitcoin down 3.83% over the last 24 hours to near $52,583.

Preview For Friday, March 26

• Federal Budget - 10:15 p.m. EDT
• Baker Hughes Rig Count - 1 p.m. EDT