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 slightly lower in early pre-market trade. Alphabet Inc. (NASDAQ:GOOG) will release earnings after the closing bell. Data on personal income and consumer spending for February will be released at 8:30 a.m. ET, while the Dallas Fed manufacturing index for April is schedule for release at 10:30 a.m. ET.
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Futures for the Dow Jones Industrial Average dropped 18 points to 26,499, while the Standard & Poor’s 500 index futures fell 2.75 points to 2,938.75. Futures for the Nasdaq 100 index declined 8 points to 7,832.25.
Oil prices traded lower as Brent crude futures fell 0.6 percent to trade at $71.73 per barrel, while US WTI crude futures dropped 0.3 percent to trade at $63.10 a barrel.
A Peek Into Global Markets
European markets were lower today, with the Spanish Ibex Index falling 0.9 percent, STOXX Europe 600 Index declining 0.3 percent and German DAX 30 index dropped 0.3 percent. The UK's FTSE index was trading lower by 0.1 percent, while French CAC 40 Index fell 0.3 percent.
In Asian markets, Japan’s Nikkei Stock Average fell 0.22 percent, Hong Kong’s Hang Seng Index gained 0.97 percent, China’s Shanghai Composite Index fell 0.77 percent and India’s BSE Sensex rose 0.87 percent.
Broker Recommendation
Analysts at Jefferies downgraded Occidental Petroleum Corporation (NYSE:OXY) from Buy to Hold and lowered the price target from $74 to $66.
Occidental Petroleum shares fell 2.1 percent to $60.05 in pre-market trading.
Breaking News
- Cooper Tire & Rubber Co (NYSE:CTB) reported weaker-than-expected earnings for its first quarter, while sales exceeded estimates.
- Parker-Hannifin Corp (NYSE:PH) announced plans to buy Lord Corp. for $3.68 billion in cash.
- Restaurant Brands International Inc (NYSE:QSR) reported weaker-than-expected earnings for its first quarter.
- Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) disclosed that Zynquista was approved in the European Union for the treatment of adults with Type 1 diabetes.
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.