Below are the most important news, trends and analyzes that investors need to start their trading day:
1. Relatively flat shares after another S&P 500 record
People are seen on Wall St., outside the New York Stock Exchange (NYSE) in New York City, on March 19, 2021.
Brendan McDermid | Reuters
U.S. stock futures mixed on Friday, a day after modest gains pushed the S&P 500 to another closing record and the Dow Jones Industrial Average to 24 points from Monday’s record close. The Nasdaq was the real winner on Thursday, achieving a 1% gain in strength in technology names. The Nasdaq was down 2% from a record close in February. Supporting the actions, Federal Reserve Chairman Jerome Powell on Thursday called the U.S. economic recovery from the Covid pandemic “uneven” and said temporarily higher prices will not lead to worrying inflation. . These comments offered investors the assurance that Covid-era monetary policies, which were not accommodative, would soon change.
2. Treasury yields exceed production price data
The ten-year Treasury yield rose on Friday, but remained below 1.7% and the 14-month highs march. The bond market has been at odds with the Fed this year as traders raise yields with the belief that stronger economic growth and inflation will force central bankers to raise short-term interest rates to zero and reduce bulk asset purchases ahead of schedule. The Department of Labor was due to publish its latest monthly review on producer price inflation at 8:30 a.m. ET. But the report has been delayed due to a website outage at the agency. Economists expect the March producer price index to show an increase of 0.4%, with a rise in the basic energy and food rate of 0.2%.
3. Cases coveted in the United States are sinking even as vaccines increase
A member of the Maryland National Guard hands out Post-It notes with numbers to people arriving without an appointment at the massive coronavirus vaccination site at Hagerstown Premium Outlets on April 7, 2021 in Hagerstown, Maryland.
Chip Somodevilla | Getty Images
Cases of American coronaviruses are rising as infections in many parts of the world spread. Even with U.S. vaccination at about 3 million people a day and about 20% of the U.S. population fully inoculated, new cases and covid deaths daily were still 66,000 and nearly 1,000 on average, respectively. . In a rapidly deteriorating situation in Brazil, the country this week became the third, after the United States and Peru, to report a 24-hour death toll for Covid that exceeded 4,000. In the state of Rio de Janeiro, emergency services have been under greater pressure since the pandemic began.
4. Florida sues CDC for cruise ships to resume navigation in the United States
The Royal Caribbean Explorer of the Seas cruise is docked at PortMiami on March 2, 2021 in Miami, Florida.
Joe Raedle | Getty Images
Florida Republican government Ron DeSantis announced Thursday that the state will file a lawsuit against the Centers for Disease Control and Prevention, demanding that cruise ships be allowed to resume U.S. navigation immediately. Royal Caribbean CEO Richard Fain said he would like the cruise industry to be “treated very similarly to airlines”, which have been allowed to fly. However, Fain said he is optimistic about the possible resumption of U.S. crossings during the second half of this year, and mentioned President Joe Biden’s goal for society to return to normal on July 4. .
5. Amazon’s leadership expands on the union vote at the Alabama warehouse
A RWDSU union representative has a sign outside Amazon’s compliance warehouse at the center of a union union on March 29, 2021 in Bessemer, Alabama.
Elijah Nouvelage | Getty Images
With about half of the ballots counted, Amazon maintained a significant lead in the historic vote of U.S. workers over whether to syndicate in one of the e-commerce giant’s Alabama stores. The count will resume on Friday. There have been hundreds of ballots contested, most of which were challenged by Amazon. Approximately 55% of eligible workers at Amazon’s Bessemer warehouse voted. For many years, major unions have been quietly talking to Amazon workers about the organization. They have faced strong challenges in the United States, where none of the company’s warehouses are organized. Unions are common among Amazon’s workforce in Europe.
– Associated Press contributed to this report. Follow all the actions of the market as a professional CNBC Pro. Get the news about the pandemic with CNBC Coronavirus Blog.