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, ahead of earnings from American Express Company (NYSE:AXP). The flash Composite Purchasing Managers' Index for January is schedule for release at 9:45 a.m. ET.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Futures for the Dow Jones Industrial Average climbed 70 points to 29,197 while the Standard & Poor’s 500 index futures rose 7.75 points to 3,333.75. Futures for the Nasdaq 100 index gained 30.75 points to 9,279.
Oil prices traded lower as Brent crude futures fell 0.5% to trade at $61.76 per barrel, while US WTI crude futures fell 0.4% to trade at $55.36 a barrel. The Baker Hughes North American rig count report for the latest week will be released at 1:00 p.m. ET.
A Peek Into Global Markets
Want Private Access to Benzinga Analyst?
Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.
European markets were higher today, with the Spanish Ibex Index rising 0.9%, STOXX Europe 600 Index climbing 1.1% and German DAX 30 index gaining 1.2%. The UK's FTSE index was trading higher by 1.6%, while French CAC 40 Index rose 1.1%.
In Asian markets, Japan’s Nikkei Stock Average rose 0.13%, Hong Kong’s Hang Seng Index gained 0.15%, China’s Shanghai Composite Index declined 2.75% and India’s BSE Sensex rose 0.55%.
Broker Recommendation
Analysts at Charter Equity upgraded Skyworks Solutions Inc (NASDAQ:SWKS) from Market Perform to Buy.
Skyworks shares fell 2.8 percent to $124.60 in pre-market trading.
Breaking News
- Air Products & Chemicals, Inc. (NYSE:APD) reported upbeat earnings for its fourth quarter, while sales missed views.The company also issued weak earnings forecast for the second quarter.
- Synchrony Financial (NYSE:SYF) reported better-than-expected earnings for its fourth quarter.
- Intel Corporation (NASDAQ:INTC) reported better-than-expected results for its fourth quarter and issued strong Q1 guidance.
- E*TRADE Financial Corp (NASDAQ:ETFC) reported downbeat earnings for its fourth quarter, while sales exceeded views.
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.