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 slightly higher in early pre-market trade. Data on retail sales for October, the Empire State manufacturing index for November and import prices for October will be released at 8:30 a.m. ET. Data on business inventories for September will be released at 10:00 a.m. ET. Federal Reserve Governor Daniel Tarullo is set to speak at the Wall Street Journal CEO Council in Washington, D.C. at 8:05 a.m. ET, while Dallas Federal Reserve Bank President Rob Kaplan is set to speak in Dallas at 1:30 p.m. ET. Federal Reserve Vice Chairman Stanley Fischer will speak at the Brookings Institution in Washington, D.C. at 1:30 p.m. ET.
Futures for the Dow Jones Industrial Average rose 5 points to 18,825.00, while the Standard & Poor’s 500 index futures gained 1.50 points to 2,162.75. Futures for the Nasdaq 100 index rose 1.50 points to 4,697.50.
Oil prices traded higher as Brent crude futures gained 2.88 percent to trade at $45.71 per barrel, while US WTI crude futures also rose 2.94 percent to trade at $45.23 a barrel.
A Peek Into Global Markets
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European markets were mixed today, with the Spanish Ibex Index rising 0.06 percent, STOXX Europe 600 Index declining 0.10 percent and German DAX 30 index dropping 0.07 percent. The UK's FTSE index was trading higher by 0.43 percent, while French CAC 40 Index rose 0.17 percent.
In Asian markets, Japan’s Nikkei Stock Average fell 0.03 percent, Hong Kong’s Hang Seng Index rose 0.46 percent, China’s Shanghai Composite Index declined 0.11 percent and India’s BSE Sensex declined 1.92 percent.
Broker Recommendation
Analysts at Raymond James upgraded Advance Auto Parts, Inc. (NYSE: AAP) from Outperform to Strong Buy.
Advance Auto Parts shares rose 12.74 percent to $161.11 in pre-market trading.
Breaking news
- Home Depot Inc (NYSE: HD) reported better-than-expected third quarter results.
- Zoe's Kitchen Inc (NYSE: ZOES) reported in-line earnings for its third quarter, but revenue missed analysts’ expectations.
- Advance Auto Parts, Inc. (NYSE: AAP) posted better-than-expected earnings for its third quarter on Monday.
- Nasdaq Inc (NASDAQ: NDAQ) named Adena Friedman as president and CEO.
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.