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 lower in early pre-market trade after the Nasdaq dropped around 75 points in the previous session.
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Futures for the Dow Jones Industrial Average dropped 108 points to 34,518.00 while the Standard & Poor’s 500 index futures traded fell 18.75 points to 4,363.50. Futures for the Nasdaq 100 index declined 81 points to 14,727.25.
The U.S. has the highest number of COVID-19 cases and deaths in the world, with total infections in the country exceeding 45,204,370 with around 733,570 deaths. India reported a total of at least 33,971,600 confirmed cases, while Brazil confirmed over 21,575,820 cases.
Oil prices traded higher as Brent crude futures rose 2% to trade at $84.01 per barrel, while US WTI crude futures gained 2.4% to trade at $81.24 a barrel. The total number of active U.S. oil rigs climbed by 5 to 433 rigs this week, Baker Hughes Inc reported Friday.
A Peek Into Global Markets
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European markets were mostly lower today. The Spanish Ibex Index fell 0.5% and STOXX Europe 600 Index declined 0.3%. The French CAC 40 Index fell 0.2%, while German DAX 30 dropped 0.2% and London’s FTSE 100 rose 0.2%. Italy’s industrial production fell 0.2% from a month ago in August versus a revised 1% growth in the previous month
Asian markets traded mixed today. Japan’s Nikkei 225 gained 1.6%, China’s Shanghai Composite fell 0.01% and Hong Kong’s Hang Seng index gained 1.96%, India’s BSE Sensex rose 0.5%, while Australia's S&P/ASX 200 traded lower by 0.3%.
Broker Recommendation
Analysts at Raymond James upgraded ChemoCentryx (NASDAQ:CCXI) from Outperform to Strong Buy and raised the price target from $62 to $107..
ChemoCentryx shares rose 1.5% to $38.98 in pre-market trading.
Breaking News
- Southwest Airlines Co (NYSE:LUV) reported the cancelation of more than 1,000 flights due to air traffic control issues and bad weather.
- Kraft Heinz (NASDAQ:KHC) CEO Miguel Patricio has said that the recent trend of higher food prices is here to stay.
- Mandiant Inc (NASDAQ:MNDT) reported the completion of divestiture of its FireEye Products unit to McAfee Enterprise for $1.2 billion in cash.
- TSR Inc. (NASDAQ:TSRI) disclosed a $5 million common stock shelf offering.
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.