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 weekly jobless claims will be released at 8:30 a.m. ET, while the Treasury budget data for October is schedule for release at 2:00 p.m. ET. St. Louis Federal Reserve Bank President James Bullard is set to speak in St. Louis, Mo. at 9:15 a.m. ET.
Futures for the Dow Jones Industrial Average climbed 91 points to 18,623.00, while the Standard & Poor’s 500 index futures gained 9 points to 2,169.25. Futures for the Nasdaq 100 index surged 30.50 points to 4,851.00.
Oil prices traded lower as Brent crude futures fell 0.19 percent to trade at $46.27 per barrel, while US WTI crude futures also fell 0.91 percent to trade at $44.86 a barrel. The Energy Information Administration’s weekly report on natural gas stocks is schedule for release at 10:30 a.m. ET.
A Peek Into Global Markets
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European markets were higher today, with the Spanish Ibex Index rising 0.57 percent, STOXX Europe 600 Index gaining 0.70 percent and German DAX 30 index gaining 0.71 percent. The UK's FTSE index was trading higher by 0.16 percent, while French CAC 40 Index climbed 0.93 percent.
In Asian markets, Japan’s Nikkei Stock Average climbed 6.72 percent, Hong Kong’s Hang Seng Index rose 1.89 percent, China’s Shanghai Composite Index rose 1.37 percent and India’s BSE Sensex rose 0.97 percent.
Broker Recommendation
Analysts at Bank of America upgraded International Business Machines Corp. (NYSE: IBM) from Neutral to Buy and raised the price target from $170.00 to $185.00.
IBM shares rose 1.54 percent to $157.20 in pre-market trading.
Breaking news
- Shake Shack Inc (NYSE: SHAK) reported stronger-than-expected results for its third quarter on Wednesday. Its same store sales rose 2.9 percent year-over-year. Shake Shack also raised and narrowed full-year 2016 revenue guidance. To read the full news, click here.
- Twitter Inc (NYSE: TWTR) disclosed that its COO Adam Bain is stepping down. The company named Anthony Noto as its new COO.
- Sodastream International Ltd (NASDAQ: SODA) reported stronger-than-expected results for its third quarter. To read the full news, click here.
- Novavax, Inc. (NASDAQ: NVAX) reported a narrower-than-expected loss for its third quarter, while revenue missed expectations. Management announced a corporate restructuring and cost savings plan. Novavax plans to reduce 30 percent of its workforce. The plans is expected to result in savings of $70 million to $100 million in 2017. 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.