Benzinga | Mar 24, 2021 04:46PM EDT

What's Moving The Market Wednesday?

Top News

* Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell continued their testimony in front of the House Financial Services Committee.

* U.S. Services Purchasing Manager's Index increased from 59.80 in February to 60 In March.

* Centers for Disease Control and Prevention Director Rochelle Walensky said she remains worried about latest COVID-19 data and apparent stall in the pandemic's trajectory.

* German Chancellor Angela Merkel said the British COVID-19 variant is proven to be more dangerous to young people.

* U.S. National Institute of Allergy and Infectious Diseases Director, Anthony Fauci said AstraZeneca (NASDAQ:AZN) will likely release a modified statement for its vaccine. Fauci also said the level of daily COVID-19 infections is still high, and with levels this high it's too early to declare victory.

* New York reached a deal to legalize cannabis. Cannabis stocks traded higher Wednesday.

Indices Around The Globe

* S&P 500 Futures down 0.47% to near 3,881.

* U.K.'s FTSE 100 up 0.2% to near 6,712.

* Japan's Nikkei 225 down 2.04% to near 28,405.

Bonds

* 10-year treasury yield at 1.60%.

Commodities

* Crude oil up 5.16% to near $60.74/barrel.

* Gold up 0.45% to near $1,732/oz.

* Silver down 0.34% to near $25.14/oz.

Crypto

* Bitcoin up 0.30% over the last 24 hours to near $55.499.

Preview For Thursday, March 25

* Initial Jobless Claims - 8:30 a.m. EDT

* Honeywell (NYSE:HON) investor webcast - 10:30 a.m. EDT