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TODAY FINANCIAL NEWS ON MARCH 9TH, 2015

Monday, March 09, 2015


Today marks six years since the 2009 stock market bottom. Since then, the Dow has risen 173 percent, the S&P 500 has added more than 206 percent, while the Nasdaq has gained more than 288 percent. (AP)
Longtime stock bull Jeremy Siegel, professor of finance at the Wharton School, joins CNBC's "Squawk Box" at 8 a.m. ET with his views on whether the market can make it another winning six years.
U.S. stock futures were weaker in early trading, after Friday's drubbing on concerns about a sooner-than-expected Fed interest rate hike in the wake of surprisingly strong February jobs numbers. (CNBC)
Those Fed rate worries also hit gold prices, which suffered their biggest single-session drop on Friday since December 2013. Gold firmed early Monday, but languished near three-month lows.
Oil will reverse recent gains as global inventories begin to increase again, with U.S. crude likely to drop as far as $40 a barrel in the near-term, Goldman Sachs predicted. Prices were mixed this morning. (CNBC)
Gasoline rose 21 cents in the past two weeks, with the average hitting $2.54 a gallon, according to the closely watched Lundberg survey. Prices bottomed out Jan. 23, but they're still nearly $1 lower than a year ago. (Reuters)
Apple (AAPL) CEO Tim Cook is expected this afternoon to demonstrate the Apple Watch, and make the case for why it's a must-have. The device, which was teased in September, is set to hit the market next month. (AP)
General Motors (GM) is ready to disclose plans to return billions of dollars to shareholders, a move that is expected to avoid a potential proxy fight with activist investor Harry J. Wilson. (WSJ-subscription)
Federal investigators suspect potential brake problems caused a Delta Air Lines (DAL) jet to skid off a snowy runway last week at New York's La Guardia Airport. (WSJ)
The three biggest companies that collect and disseminate credit information on more than 200 million Americans will change the way they handle errors and list unpaid medical bills. (WSJ-subscription)

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