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 initial jobless claims for the latest week will be released at 8:30 a.m. ET, while the flash Composite Purchasing Managers' Index for August is schedule for release at 9:45 a.m. ET. The index of leading economic indicators for July will be released at 10:00 a.m. ET. The Kansas City Fed manufacturing index for August will be released at 11:00 a.m. ET.
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Futures for the Dow Jones Industrial Average fell 50 points to 26,176 while the Standard & Poor’s 500 index futures fell 6.2 points to 2,923.00. Futures for the Nasdaq 100 index declined 26.5 points to 7,723.75.
Oil prices traded higher as Brent crude futures rose 0.8% to trade at $60.77 per barrel, while US WTI crude futures rose 0.7% to trade at $56.07 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.
A Peek Into Global Markets
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European markets were mostly lower today, with the Spanish Ibex Index rising 0.4%, STOXX Europe 600 Index falling 0.3% and German DAX 30 index dropping 0.3%. The UK's FTSE index was trading lower by 0.5%, while French CAC 40 Index fell 0.5%.
In Asian markets, Japan’s Nikkei Stock Average rose 0.05%, Hong Kong’s Hang Seng Index fell 0.84%, China’s Shanghai Composite Index rose 0.11% and India’s BSE Sensex fell 1.59%.
Broker Recommendation
Analysts at RBC Capital upgraded Jumia Technologies AG - ADR (NYSE:JMIA) from Sector Perform to Outperform and lowered the price target from $40 to $30.
Jumia Technologies shares rose 9.4% to $13.42 in pre-market trading.
Breaking News
- Avinger Inc (NASDAQ:AVGR) reported a common stock offering with no size disclosed.
- Retrophin, Inc. (NASDAQ:RTRX) disclosed that its Phase 3 FORT study of fosmetpantotnate in patients with PKAN did not meet its primary or secondary endpoints.
- Nordstrom, Inc. (NYSE:JWN) reported stronger-than-expected earnings for its second quarter on Wednesday.
- Splunk Inc (NASDAQ:SPLK) reported better-than-expected results for its second quarter and issued strong third-quarter sales guidance. The company also announced the acquisition of the SaaS company SignalFix for $1.05 billion.
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.