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
A consistent rise in U.S. bond yields has raised fears of a sudden tapering of monetary stimulus, pressuring the main U.S. stock indexes in recent weeks.
The blue-chip Dow powered to its fifth consecutive record high on Friday and the S&P 500 closed slightly higher as investors bought shares that should benefit from a strong reopening of the U.S. economy, an outlook signaled by rising yields in the bond market.
5 Stocks To Watch For March 12, 2021 benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.