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, after closing mostly lower in the prior session. Investors are awaiting earnings results from JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc (NYSE:C) and Wells Fargo & Co (NYSE:WFC). The Consumer Price Index for June will be released at 8:30 a.m. ET. Federal Reserve Governor Lael Brainardis set to speak at 2:00 p.m. ET, while Federal Reserve Bank of St. Louis President James Bullard will speak at 2:30 p.m. ET.
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The U.S. has the highest number of COVID-19 cases and deaths in the world, with total infections in the country exceeding 3,364,540 with around 135,610 deaths. Brazil confirmed over 1,884,960 cases, while India reported a total of at least 906,750 confirmed cases.
Futures for the Dow Jones Industrial Average climbed 128 points to 26,096 while the Standard & Poor’s 500 index futures traded rose 13.75 points to 3,162. Futures for the Nasdaq 100 index climbed 46.50 points to 10,646.50.
Oil prices traded lower as Brent crude futures fell 1.5% to trade at $42.09 per barrel, while US WTI crude futures fell 1.8% to trade at $39.39 a barrel.
A Peek Into Global Markets
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European markets were lower today, with the Spanish Ibex Index falling 1.4% and STOXX Europe 600 Index dropping 1.4%. The UK's FTSE index was trading lower by 0.5%, while French CAC 40 Index fell 1.7% and German DAX 30 dropped 1.4%.
In Asian markets, Japan’s Nikkei fell 0.87%, Hong Kong’s Hang Seng Index fell 1.14%, China’s Shanghai Composite Index slipped 0.83% and India’s BSE Sensex fell 1.6%.
Broker Recommendation
Analysts at Piper Sandler initiated coverage on Repare Therapeutics Inc. (NASDAQ:RPTX) with an Overweight rating and a price target of $40.
Repare Therapeutics shares fell 4.5% to close at $24.01 on Monday.
Breaking News
- The Shopify rival, BigCommerce, on Monday said it has filed for an IPO (initial public offering) with the United States Securities and Exchange Commission.
- Altimmune Inc (NASDAQ:ALT) reported a proposed public offering of common stock. However, no terms of the offering were disclosed.
- nCino, Inc. (NASDAQ:NCNO) today priced its 8.06 million share IPO at $31 per share.
- Alphabet Inc. (NASDAQ:GOOGL) is in talks to invest $4 billion in Reliance's digital arm, Bloomberg reported.
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.