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 higher in early pre-market trade. Data on motor vehicle sales for August will be released today. International trade report for July is schedule for release at 8:30 a.m. ET. New York Federal Reserve Bank President John Williams is set to speak in in New York at 9:30 a.m. ET, while Dallas Federal Reserve Bank President Robert Kaplan will speak in Toronto, Canada at 10:00 a.m. ET. Federal Reserve Member of the Board of Governors Michelle Bowman is set to speak in St.Louis, Missouri at 12:30 p.m. ET, while St. Louis Federal Reserve Bank President James Bullard will speak in St. Louis, Missouri at 12:30 p.m. ET. Minneapolis Federal Reserve Bank President Neel Kashkari is set to speak in a livestreamed event at 1:00 p.m. ET, while Chicago Federal Reserve Bank President Charles Evans will speak in Detroit, Michigan at 3:15 p.m. ET. The Federal Open Market Committee will release its latest Beige Book report at 2:00 p.m. ET.
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Futures for the Dow Jones Industrial Average climbed 193 points to 26,315 while the Standard & Poor’s 500 index futures rose 21.6 points to 2,927.50. Futures for the Nasdaq 100 index surged 76 points to 7,693.50.
Oil prices traded higher as Brent crude futures rose 0.7% to trade at $58.64 per barrel, while US WTI crude futures rose 1% to trade at $54.49 a barrel.
A Peek Into Global Markets
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European markets were higher today, with the Spanish Ibex Index rising 0.7%, STOXX Europe 600 Index climbing 0.8% and German DAX 30 index gaining 1%. The UK's FTSE index was trading higher by 0.3%, while French CAC 40 Index rose 1%.
In Asian markets, Japan’s Nikkei Stock Average rose 0.12%, Hong Kong’s Hang Seng Index gained 3.9%, China’s Shanghai Composite Index rose 0.93% and India’s BSE Sensex rose 0.44%.
Broker Recommendation
Analysts at UBS downgraded eBay Inc (NASDAQ:EBAY) from Buy to Neutral and announced a $42 price target.
eBay shares fell 0.3% to $39.62 in pre-market trading.
Breaking News
- Navistar International Corp (NYSE:NAV) reported better-than-expected Q3 results.
- Michaels Companies Inc (NASDAQ:MIK) reported stronger-than-expected results for its second quarter.
- Tyson Foods, Inc. (NYSE:TSN) lowered its earnings forecast for 2019. Tyson now expects adjusted earnings of $5.30 to $5.70 per share, versus a previous outlook of $5.75 to $6.10 per share.
- Coupa Software Inc (NASDAQ:COUP) reported upbeat sales for its second quarter and issued strong third-quarter 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.