Benzinga | Mar 17, 2021 04:48PM EDT

What's Moving The Market Wednesday?

Top News

* Federal Open Market Committee issued statement, leaving rates unchanged.

* The Federal Reserve raised US GDP forecast for 2021 from 4.2% to 6.5%.

* Federal Reserve Chairman Jerome Powell held a press conference, following the FOMC statement.

* The U.S. Building Permits fell from 1,886,000 in January to 1,682,000 in February.

* A spokesperson for the French government said the Prime Minister will announce new COVID-19 measures on Thursday, March 18.

* Upstart (NASDAQ:UPST) reported better than expected Q4 results, and announced an acquisition of Prodigy Software. Shares traded higher after the close.

* Lordstown Motors (NASDAQ:RIDE) said they have received a request for information from the Securities and Exchange Commission, regarding Hindenburg's report.

Indices Around The Globe

* S&P 500 Futures rallied above 3,973 following the FOMC statement, up 0.25% for the session.

* UK's FTSE 100 down 0.60% to near 6,762.

* Japan's Nikkei 225 down 0.02% to near 29,914.

Bonds

* 10-year treasury yield at 1.64%.

Commodities

* Crude oil down 0.40% to near $64.54/barrel.

* Gold up 0.75% to near $1,743/oz.

* Silver up 1.60% to near $26.42/oz.

Crypto

* Bitcoin up 2.87% over the last 24 hours to near $58,231.

Preview For Thursday, March 18

* Jobless Claims data - 5:30 a.m. EDT

* Nike (NYSE:NKE) will report Q3 results after the close.

* FedEx (NYSE:FDX) will report Q3 results after the close.

* Carnival (NYSE:CCL) will report Q1 results after the close.