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 mostly flat in early pre-market trade. Data on initial jobless claims for the recent week will be released at 8:30 a.m. ET, while the index of leading economic indicators for January is schedule for release at 10:00 a.m. ET. The Kansas City Fed manufacturing index for February is schedule for release at 11:00 a.m. ET. New York Federal Reserve Bank President William Dudley will speak in New York at 10:00 a.m. ET, while Atlanta Federal Reserve Bank President Raphael Bostic is set to speak in Atlanta, Georgia at 12:10 p.m. ET. Dallas Federal Reserve Bank President Robert Kaplan will speak at 3:30 p.m. ET.
Futures for the Dow Jones Industrial Average dropped 3 points to 24,779.00, while the Standard & Poor’s 500 index futures rose 4.50 points to 2,703.25. Futures for the Nasdaq 100 index rose 0.25 points to 6,760.75.
Oil prices traded lower as Brent crude futures fell 0.17 percent to trade at $65.31 per barrel, while US WTI crude futures dropped 0.44 percent to trade at $61.41 a barrel. The Energy Information Administration’s weekly report on natural gas stocks in underground storage is schedule for release at 10:30 a.m. ET, while the EIA’s eekly report on petroleum inventories will be released at 11:00 a.m. ET.
A Peek Into Global Markets
European markets were mostly lower today, with the Spanish Ibex Index rising 0.22 percent, STOXX Europe 600 Index dropping 0.59 percent and German DAX 30 index falling 0.62 percent. The UK's FTSE index was trading lower by 0.94 percent, while French CAC 40 Index fell 0.36 percent.
In Asian markets, Japan’s Nikkei Stock Average fell 1.07 percent, Hong Kong’s Hang Seng Index dropped 1.48 percent, China’s Shanghai Composite Index gained 2.17 percent and India’s BSE Sensex slipped 0.07 percent.
Broker Recommendation
Analysts at Susquehanna upgraded KLA-Tencor Corp (NASDAQ:KLAC) from Negative to Neutral.
KLA-Tencor shares rose 0.30 percent to $110.00 in pre-market trading.
Breaking news
- Orbital ATK Inc (NYSE:OA) reported weaker-than-expected earnings for its fourth quarter.
- Zebra Technologies Corp. (NASDAQ:ZBRA) reported upbeat results for its fourth quarter on Thursday.
- Pandora Media Inc (NYSE:P) reported stronger-than-expected revenue for its fourth quarter. Its total subscription revenue climbed 63.2 percent to $97.7 million.
- Avis Budget Group Inc. (NASDAQ:CAR) posted better-than-expected earnings for its fourth quarter. The rental car company issued strong FY18 sales 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.
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