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 Caterpillar Inc. (NYSE:CAT), Pfizer Inc. (NYSE:PFE), PepsiCo, Inc. (NASDAQ:PEP) Alphabet Inc. (NASDAQ:GOOGL) and Ford Motor Company (NYSE:F). The Federal Open Market Committee will begin its two-day policy meeting today. An advance report on U.S. international trade in goods and data on wholesale inventories for March will be released at 8:30 a.m. ET. The S&P Corelogic Case-Shiller home price index for February will be released at 9:00 a.m. ET. The Conference Board’s consumer confidence index and the Richmond Fed manufacturing index for April will be released at 10:00 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!
The U.S. is now the epicenter of the coronavirus pandemic with the highest number of cases and deaths around the world. Total COVID-19 cases in the U.S. exceeded 988,460 with around 56,250 deaths. Spain confirmed a total of over 229,420 cases, while Italy reported a total of at least 199,410 confirmed cases.
Futures for the Dow Jones Industrial Average climbed 268 points to 24,267 while the Standard & Poor’s 500 index futures traded rose 27.85 points to 2,896.75. Futures for the Nasdaq 100 index rose 90 points to 8,914.25.
Oil prices traded lower as Brent crude futures fell 3% to trade at $22.37 per barrel, while US WTI crude futures fell 19.3% to trade at $10.32 a barrel.
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 mostly higher today, with the Spanish Ibex Index falling 0.1%, STOXX Europe 600 Index rising 0.6% and German DAX 30 index gaining 0.6%. The UK's FTSE index was trading higher by 0.4%, while French CAC 40 Index rose 0.2%.
In Asian markets, Japan’s Nikkei slipped 0.06%, Hong Kong’s Hang Seng Index rose 1.22%, China’s Shanghai Composite Index fell 0.19% and India’s BSE Sensex rose 0.73%.
Broker Recommendation
Analysts at Piper Sandler downgraded Intuitive Surgical, Inc. (NASDAQ:ISRG) from Overweight to Neutral and lowered the price target from $570 to $510.
Intuitive Surgical shares fell 0.4% to $514.98 in pre-market trading.
Breaking News
- F5 Networks, Inc. (NASDAQ:FFIV) reported upbeat results for its second quarter and issued strong outlook for the current quarter.
- Tesla Inc. (NASDAQ:TSLA) canceled its plans to restart production at its Fremont, California plant this week after asking workers last Friday to return to work..
- Sanmina Corp (NASDAQ:SANM) reported weaker-than-expected results for its second quarter and issued downbeat earnings forecast for the third quarter.
- Keurig Dr Pepper Inc (NYSE:KDP) reported stronger-than-expected results for its first quarter on Monday.
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.