The Market On Thursday

  Good morning and hurray, it's the first day of Spring. It is 35 degrees and lightly raining here in Upstate NY. It's pretty soggy out there as the remaining snow melts away on top of the rain. But hey, it's the first day of Spring, the air is filled with the promise of warmer days ahead.

  At 8:20 a.m. ET futures are moderately lower and the price of oil per barrel is down. The market is poised to open lower.

  Yellen spoke on Wednesday and the market immediately went into a tumble. That downfall continues this morning and for the same reason. Investors did not like what Yellen had to say - coming interest rate hikes and the end of q.e. Now we get to see how this coming reality is factored in - it could be fast as in one day or not as in a many months. Who knows?

CNN: Stocks: Fragile on U.S. rate hike talk

U.S. stock futures were looking soft Thursday morning, after Federal Reserve chair Janet Yellen warned Wednesday that the Fed stimulus program would most likely be finished by the fall and an interest rate hike could follow in early 2015.