Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Pre-open movers
U.S. stock futures traded lower in early pre-market trade. Data on motor vehicle sales for November will be released today. The manufacturing PMI for November is schedule for release at 9:45 a.m. ET. The ISM manufacturing index for November and data on construction spending for October will be released at 10:00 a.m. ET. St. Louis Federal Reserve Bank President James Bullard is set to speak in Little Rock, Arkansas at 9:05 a.m. ET, while Dallas Federal Reserve Bank President Robert Kaplan will speak in McAllen, Texas at 9:30 a.m. ET. Philadelphia Federal Reserve Bank President Patrick Harker is set to speak in Philadelphia at 10:15 a.m. ET.
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Futures for the Dow Jones Industrial Average dropped 93 points to 24,181.00, while the Standard & Poor’s 500 index futures declined 14.25 points to 2,633.75. Futures for the Nasdaq 100 index fell 53 points to 6,316.00.
Oil prices traded higher as Brent crude futures rose 0.78 percent to trade at $63.12 per barrel, while US WTI crude futures gained 0.61 percent to trade at $57.75 a barrel. The Baker Hughes North American rig count report for the recent week is schedule for release at 1:00 p.m. ET,
A Peek Into Global Markets
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European markets were lower today, with the Spanish Ibex Index falling 0.70 percent, STOXX Europe 600 Index declining 0.81 percent and German DAX 30 index dropping 1.39 percent. The UK's FTSE index was trading lower by 0.47 percent, while French CAC 40 Index fell 1.17 percent.
In Asian markets, Japan’s Nikkei Stock Average rose 0.41 percent, Hong Kong’s Hang Seng Index declined 0.35 percent, China’s Shanghai Composite Index gained 0.01 percent and India’s BSE Sensex declined 0.95 percent.
Broker Recommendation
Analysts at KeyBanc upgraded Tiffany & Co. (NYSE:TIF) from Sector Weight to Overweight.
Tiffany shares rose 2.13 percent to close at $94.50 on Thursday.
Breaking news
- Big Lots, Inc. (NYSE:BIG) reported better-than-expected earnings for its third quarter, and raised its FY17 guidance.
- Ulta Beauty, Inc. (NASDAQ:ULTA) reported better-than-expected earnings for its third quarter. The company also saw comps up a whopping 10.3 percent in the quarter but issued weak fourth quarter earnings guidance.
- Zumiez Inc. (NASDAQ:ZUMZ) reported in-line earnings for its third quarter on Thursday.
- Five Below Inc (NASDAQ:FIVE) posted upbeat earnings for its third quarter and raised its FY17 guidance.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.