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17Mar2021 Pre-Market Commentary: Oil Rally Stalls As Oversupply Threat Grows, DOW Up 37 Points, Nasdaq Down Sharply -1.2% After US Housing Starts Slumped More Than 10%, WTI Down To 64.09


Nasdaq futures tumble as treasury yields suddenly surge ahead of FOMC (SPY -0.3%). Stocks making the biggest moves in the premarket: Lands End, CrowdStrike, Plug Power.
Here is the current market situation from CNN Money
European markets are mixed to lower. Shares in London are off as the FTSE 100 drops 0.54%. The CAC 40 is down 0.17% while the DAX in Germany is unchanged.
What Is Moving the Markets
Here are the headlines moving the markets.
Bidens Energy Agenda To Reduce Oil Production And Boost Prices
Joe Biden had a neat, nine-point plan for energy when he campaigned for president. He started putting this plan into action on his first day in the White House with the cancellation of the notorious Keystone XL pipeline and has since then continued with his tough stance on fossil fuels. The argument that this tough stance will, in fact, benefit oil producers has been made since the campaign trail. It went like this: Bidens fight for less oil and gas and ....

United States , White House , District Of Columbia , Ali Baba , Perifereia Kentrikis Makedonias , Steven Hansen , Pak Nfts , Anthony Johnson , Joe Biden , Sunil Sanghai , Jeanettrius Moore , Lebron James , Tomeeka Brown , Los Angeles , Eugenia Victorino , Vladimir Putin , Randy Garutti , Maria Bartiromo , Jerome Powell , Daquan Moore , Robert Kavcic , Charles Stewart , National Peoples Congress , American Petroleum Institute , Oil Rally Stalls As Oversupply Threat Grows , Analysts Underestimating Chinese Oil ,