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, ahead of earnings reports from General Motors Company (NYSE:GM), Eli Lilly and Company (NYSE:LLY), Humana Inc. (NYSE:HUM), GlaxoSmithKline plc (NYSE:GSK), MetLife, Inc. (NYSE:MET) and Prudential Financial, Inc. (NYSE:PRU).
International trade report for November and data on nonfarm productivity for the fourth quarter will be released at 8:30 a.m. ET. Federal Reserve Board Vice Chairman for Supervision Randal Quarles is set to speak in New York at 6:05 p.m. ET, while Federal Reserve Chairman Jerome Powell will speak in Washington D.C. at 7:00 p.m. ET.
Futures for the Dow Jones Industrial Average dropped 25 points to 25,299, while the Standard & Poor’s 500 index futures fell 2.5 points to 2,728.50. Futures for the Nasdaq 100 index slipped 5.25 points to 7,002.75.
Oil prices traded lower as Brent crude futures fell 0.71 percent to trade at $61.54 per barrel, while US WTI crude futures fell 0.75 percent to trade at $53.26 a barrel. The Energy Information Administration’s weekly report on petroleum inventories in the U.S. is schedule for release at 10:30 a.m. ET.
A Peek Into Global Markets
European markets were mostly lower today, with the Spanish Ibex Index falling 0.11 percent, STOXX Europe 600 Index gaining 0.08 percent and German DAX 30 index dropped 0.44 percent. The UK's FTSE index was trading higher by 0.01 percent, while French CAC 40 Index slipped 0.18 percent.
In Asian markets, Japan’s Nikkei Stock Average rose 0.14 percent, Hong Kong’s Hang Seng Index gained 0.21 percent, China’s Shanghai Composite Index rose 1.3 percent and India’s BSE Sensex climbed 0.98 percent.
Broker Recommendation
Analysts at Goldman Sachs upgraded Church & Dwight Co., Inc. (NYSE:CHD) from Sell to Neutral.
Church & Dwight shares rose 1.8 percent to $61.55 in pre-market trading.
Breaking News
- Walt Disney Co (NYSE:DIS) reported better-than-expected earnings for its first quarter. The company reported ESPN+ now has 2 million paid subscribers.
- MacroGenics Inc (NASDAQ:MGNX) disclosed positive results from pivotal Phase 3 SOPHIA study of margetuximab.
- Walker & Dunlop, Inc. (NYSE:WD) reported stronger-than-expected earnings and revenue for its fourth quarter.
- Snap Inc (NYSE:SNAP) reported stronger-than-expected earnings and sales for its fourth quarter.
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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