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.
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U.S. stock futures traded higher in early pre-market trade. Data on GDP growth for the first quarter will be released at 8:30 a.m. ET, while the S&P/Case-Shiller home price index for April will be released at 9:00 a.m. ET. The Conference Board's consumer confidence index and the Richmond Fed Manufacturing Index for June will be released at 10:00 a.m. ET.
Futures for the Dow Jones Industrial Average jumped 174 points to 17,159.00, while the Standard & Poor’s 500 index futures rose 19 points to 2,004.00. Futures for the Nasdaq 100 index climbed 41.25 points to 4,219.25.
Oil prices traded higher as Brent crude futures gained 2.25 percent to trade at $48.22 per barrel, while US WTI crude futures also rose 2.44 percent to trade at $47.43 a barrel.
A Peek Into Global Markets
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European markets were higher today, with the Spanish Ibex Index rising 2.53 percent, STOXX Europe 600 Index surging 2.47 percent and German DAX 30 index gaining 2.09 percent. The UK's FTSE index was trading higher by 2.48 percent, while French CAC 40 Index gained 2.55 percent.
In Asian markets, Japan’s Nikkei Stock Average rose 0.09 percent, Hong Kong’s Hang Seng Index dropped 0.27 percent, China’s Shanghai Composite Index rose 0.58 percent and India’s BSE Sensex gained 0.46 percent.
Broker Recommendation
Analysts at BMO Capital downgraded Regulus Therapeutics Inc (NASDAQ: RGLS) from Outperform to Market Perform, while lowering the price target from $16 to $4.
Regulus Therapeutics shares fell 48.50 percent to $2.58 in pre-market trading.
Breaking news
- FactSet Research Systems Inc. (NYSE: FDS) reported better-than-expected earnings for its third quarter on Tuesday.
- Allergan plc (NYSE: AGN) disclosed the results of a fresh International beauty trends study. Accordingly, women are more aware, as well as open to aesthetic improvement. The results also found them taking control of how ageing affects their look as a way to feel more confident about them. To read the full news, click here.
- Gannett Co Inc (NYSE: GCI) announced its plans to acquire ReachLocal Inc. (NASDAQ: RLOC) for $4.60 per share.
- Whirlpool Corporation (NYSE: WHR) admitted that Brexit created several uncertainties. However, it doesn't see any immediate threat to its financial outlook. As a result, the company reaffirmed its full year earnings forecast for the year 2016. To read the full news, click here.
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.