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. The Chicago Fed National Activity Index for October is schedule for release at 8:30 a.m. ET, while the Dallas Fed manufacturing index for November will be released at 10:30 a.m. ET. Federal Reserve Chairman Jerome Powell is set to speak in Providence, Rhode Island at 7:00 p.m. ET.
Futures for the Dow Jones Industrial Average gained 69 points to 27,931 while the Standard & Poor’s 500 index futures rose 6.4 points to 3,118.00. Futures for the Nasdaq 100 index gained 27 points to 8,307.50.
Oil prices traded mixed as Brent crude futures fell 1.5% to trade at $62.45 per barrel, while US WTI crude futures rose 0.2% to trade at $57.86 a barrel.
A Peek Into Global Markets
European markets were higher today, with the Spanish Ibex Index rising 0.6%, STOXX Europe 600 Index rising 0.8% and German DAX 30 index gaining 0.4%. The UK's FTSE index was trading higher by 0.8%, while French CAC 40 Index rose 0.5%.
In Asian markets, Japan’s Nikkei Stock Average rose 0.78%, Hong Kong’s Hang Seng Index rose 1.5%, China’s Shanghai Composite Index gained 0.72% and India’s BSE Sensex rose 1.31%.
Broker Recommendation
Analysts at Wells Fargo downgraded Netflix, Inc. (NASDAQ:NFLX) from Market Perform to Underperform and lowered the price target from $308 to $265.
Netflix shares fell 1.1 percent to $307.10 in pre-market trading.
Breaking News
- The Charles Schwab Corporation (NYSE:SCHW) reported the purchase of TD Ameritrade Holding Corporation (NASDAQ:AMTD) in an all-stock deal valued at $26 billion.
- KBR, Inc. (NYSE:KBR) disclosed that it has been awarded advanced automation systems contracts for HURL ammonia plant in India.
- A fashion conglomerate LVMH confirmed an agreement to buy Tiffany & Co. (NYSE:TIF) in a $16.2 billion bid.
- Kirkland Lake Gold Ltd. (NYSE:KL) reported the purchase of Detour Gold.
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.
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