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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. The Richmond Fed's manufacturing index for May and the State Street Investor Confidence Index for May will be released at 10:00 a.m. ET.
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Futures for the Dow Jones Industrial Average dropped 153 points to 25,216.00, while the Standard & Poor’s 500 index futures fell 15.6 points to 2,789.50. Futures for the Nasdaq 100 index declined 57.5 points to 7,237.50.
Oil prices traded lower as Brent crude futures fell 1.8 percent to trade at $67.41 per barrel, while US WTI crude futures fell 2 percent to trade at $57.97 a barrel.
A Peek Into Global Markets
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European markets were lower today, with the Spanish Ibex Index falling 1.2 percent, STOXX Europe 600 Index declined 1.2 percent and German DAX 30 index dropped 1.1 percent. The UK's FTSE index was trading lower by 1.3 percent, while French CAC 40 Index fell 1.6 percent.
In Asian markets, Japan’s Nikkei Stock Average fell 1.21 percent, Hong Kong’s Hang Seng Index declined 0.57 percent, China’s Shanghai Composite Index rose 0.16 percent and India’s BSE Sensex declined 0.62 percent.
Broker Recommendation
Analysts at Goldman Sachs downgraded General Mills, Inc. (NYSE:GIS) from Neutral to Sell.
General Mills shares fell 3.6 percent to $49.26 in pre-market trading.
Breaking News
- Devon Energy Corp (NYSE:DVN) agreed to sell its Canadian business to Canadian Natural Resources Ltd (NYSE:CNQ) for $2.8 billion.
- Heico Corp (NYSE:HEI) reported better-than-expected results for its second quarter on Tuesday.
- Rockwell Medical Inc (NASDAQ:RMTI) reported submission of New Drug Application for I.V. Triferic.
- Workday Inc (NASDAQ:WDAY) reported stronger-than-expected results for its first 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.