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. The Labor Department's JOLTS report for August and data on wholesale inventories for August will be released at 10:00 a.m. ET. Federal Reserve Chairman Jerome Powell is set to speak in Kansas City, Missouri at 11:00 a.m. ET, while Kansas City Federal Reserve Bank President Esther George will speak in Kansas City, Missouri at 11:00 a.m. ET. The Federal Open Market Committee will issue minutes of its latest meeting at 2:00 p.m. ET.
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Futures for the Dow Jones Industrial Average climbed 203 points to 26,341 while the Standard & Poor’s 500 index futures traded rose 26.2 points to 2,918.75. Futures for the Nasdaq 100 index gained 80.25 points to 7,702.25.
Oil prices traded higher as Brent crude futures rose 0.8% to trade at $58.72 per barrel, while US WTI crude futures rose 0.8% to trade at $53.07 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 higher today, with the Spanish Ibex Index rising 0.4%, STOXX Europe 600 Index climbing 0.5% and German DAX 30 index gaining 1%. The UK's FTSE index was trading higher by 0.5%, while French CAC 40 Index rose 0.7%.
In Asian markets, Japan’s Nikkei Stock Average fell 0.61%, Hong Kong’s Hang Seng Index fell 0.81%, China’s Shanghai Composite Index rose 0.39% and India’s BSE Sensex climbed 1.72%.
Broker Recommendation
Analysts at Bernstein downgraded FedEx Corporation (NYSE:FDX) from Outperform to Market Perform and announced a $153 price target.
FedEx shares fell 0.8% to $137.31 in pre-market trading.
Breaking News
- Levi Strauss & Co. (NYSE:LEVI) reported stronger-than-expected earnings for its third quarter on Tuesday.
- ReneSola Ltd (NYSE:SOL) signed agreements to sell 22.3MW of China DG projects.
- FireEye Inc (NASDAQ:FEYE) said it expects Q3 sales at or above the high end of prior guidance range of $217 million to $221 million. The company projects billings within prior guidance range of $245 million to $255 million.
- Trilogy Metals Inc. (NYSE:TMQ) reported a Q3 loss of $0.09 per share, versus a year-ago loss of $0.08 per share.
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.