A dovish Yellen, a strong jobs report, and a Tesla boom - these stories are all driving stocks higher this week. Catch the Final Round at 4p ET with Editor in Chief Andy Serwer, markets correspondent Nicole Sinclair, and Zor Capital's Joe Fahmy.
Tesla Model 3 pre-orders hit 198K
And the big story today: Tesla. The new Model 3 revealed with pre-order activity booming, now at 198,000, and the stock is soaring. Did Tesla finally deliver what the customers, and investors, have been asking for?
Winners and losers
Stocks in the green today include biopharma firm Regeneron on positive drug results, Netflix higher as it avoids an FCC probe into video throttling, and Urban Outfitters. The retailer's shares are on the move as it forecast better than expected comparable same-store sales growth for the current quarter.
On the flipside, stocks ending the week in the red include former smartphone king Blackberry as revenue slumped, Ford on weaker than expected auto sales, and Delta Airlines. The carrier was downgraded along with American Airlines by Deutsche Bank, which cited macro concerns and compressed multiples.
- Monday morning we'll get a read on the manufacturing sector with factory orders data for the month of February.
- On Wednesday the EIA will release its weekly oil inventories report - traders will be eagerly anticipating this market moving data as last week saw a build of 2.3 million barrels.
- Finally on Monday night - the NCAA basketball championship game will be held. The Final Four of Villanova, Syracuse, Oklahoma, and North Carolina are vying for the title.