February 2021 Producer Price final demand increased significantly (SPY -0.4%). Biggest premarket movers: Ulta, Poshmark, and Novavax.
Here is the current market situation from CNN Money
European markets are mixed today. The CAC 40 is up 0.72% while the FTSE 100 gains 0.10%. The DAX is off 0.56%.
What Is Moving the Markets
Here are the headlines moving the markets.
Can Fuel Cell Cars Compete With The EV Boom? If there has ever been a misleading headline, it has to be the one above, at least according to European carmakers. Hydrogen cars, they say, are not a viable alternative to battery electric vehicles. And that is despite billions of dollars that their own governments are pouring into hydrogen. You won t see any hydrogen usage in cars, Volkswagen s chief executive Herbert Diess told the Financial Times recently. Not even in 10 years because the physics behind it are so unreasonable. In this, Diess appears to share the opinion of the man he sees
Andrew Left of Citron Research took to Periscope yesterday to try and layout his short thesis on GameStop, which he claims is going back to $20 per share.Â
But instead of completing his video informing the public of his investment thesis, Left found out first hand the madness of crowds when he set off many GameStop bulls in the WallStreetBets subreddit, who took to the web to make pests of themselves during his video.Â
Left was then forced to stop his stream, explaining on Twitter that too many people were trying to access his Twitter account at the time. Twitter locked his account as a precaution, Bloomberg reported Thursday night, and eventually had to work with Left to get it reinstated.Â