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 higher in early pre-market trade. The Producer Price Index for August will be released at 8:30 a.m. ET, while data on wholesale inventories for July will be released at 10:00 a.m. ET.
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Futures for the Dow Jones Industrial Average gained 22 points to 26,916 while the Standard & Poor’s 500 index futures rose 0.25 points to 2,978.75. Futures for the Nasdaq 100 index rose 0.5 points to 7,815.50.
Oil prices traded higher as Brent crude futures rose 0.9% to trade at $62.94 per barrel, while US WTI crude futures rose 1.1% to trade at $58.02 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
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European markets were mostly higher today, with the Spanish Ibex Index falling 0.1%, STOXX Europe 600 Index climbing 0.7% and German DAX 30 index gaining 0.8%. The UK's FTSE index was trading higher by 1%, while French CAC 40 Index rose 0.4%.
In Asian markets, Japan’s Nikkei Stock Average rose 0.96%, Hong Kong’s Hang Seng Index rose 1.78%, China’s Shanghai Composite Index fell 0.41% and India’s BSE Sensex rose 0.34%.
Broker Recommendation
Analysts at Baird downgraded HD Supply Holdings, Inc. (NASDAQ:HDS) from Outperform to Neutral and lowered the price target from $50 to $40.
HD Supply shares fell 4.2% to close at $39.10 on Tuesday.
Breaking News
- The Lovesac Company (NASDAQ:LOVE) reported better-than-expected results for its second quarter.
- Dr. Reddy's Laboratories Limited (NYSE:RDY) announced the launch of fosaprepitant for injection in the US Market.
- Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) reported better-than-expected earnings for its second quarter, but lowered its 2019 sales guidance.
- Restoration Hardware Holdings, Inc (NYSE:RH) reported stronger-than-expected results for its second quarter and raised its 2019 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.