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 McDonald's Corporation (NYSE:MCD), General Electric Company (NYSE:GE), AT&T Inc. (NYSE:T) and The Boeing Company (NYSE:BA). Microsoft Corporation (NASDAQ:MSFT) and Facebook, Inc. (NASDAQ:FB) will release earnings after the closing bell. An advance report on U.S. international trade in goods for December will be released at 8:30 a.m. ET. The pending home sales index for December and the State Street Investor Confidence Index for January will be released at 10:00 a.m. ET. The Federal Open Market Committee will announce its policy decision at 2:00 p.m. ET, while the Fed Chairman Jerome Powell will hold a press conference at 2:30 p.m. ET.
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Futures for the Dow Jones Industrial Average gained 45 points to 28,755 while the Standard & Poor’s 500 index futures traded rose 6.45 points to 3,284.75. Futures for the Nasdaq 100 index climbed 28.25 points to 9,133.50.
Oil prices traded higher as Brent crude futures rose 0.9% to trade at $59.32 per barrel, while US WTI crude futures rose 0.9% to trade at $53.96 a barrel. The Energy Information Administration’s weekly report on petroleum inventories in the U.S. will be released at 10:30 a.m. ET.
A Peek Into Global Markets
European markets were higher today, with the Spanish Ibex Index rising 0.5%, STOXX Europe 600 Index gaining 0.4% and German DAX 30 index gaining 0.1%. The UK's FTSE index was trading higher by 0.2%, while French CAC 40 Index rose 0.3%.
In Asian markets, Japan’s Nikkei Stock Average rose 0.71%, Hong Kong’s Hang Seng Index fell 2.82%, China’s Shanghai Composite Index fell 2.75% and India’s BSE Sensex fell 0.46%.
Broker Recommendation
Analysts at KeyBanc upgraded Harley-Davidson, Inc. (NYSE:HOG) from Underweight to Sector Weight.
Harley-Davidson shares fell 3% to close at $33.79 on Tuesday.
Breaking News
- Apple Inc. (NASDAQ:AAPL) reported better-than-expected Q1 results and issued Q2 sales guidance above estimates.
- Starbucks Corporation (NASDAQ:SBUX) reported upbeat earnings for its first quarter. Starbucks said the company's fiscal year 2020 guidance is unchanged from what was provided in its fiscal fourth-quarter earnings report, which excludes any impact of the coronavirus.
- Xilinx, Inc. (NASDAQ:XLNX) reported upbeat earnings for its third quarter, while sales missed views. The company also issued Q4 sales guidance below estimates.
- eBay Inc (NASDAQ:EBAY) reported stronger-than-expected results for its fourth quarter, but issued weak sales guidance for the first quarter.
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.