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. Data on personal income and consumer spending for April will be released at 8:30 a.m. ET, while the S&P Corelogic Case-Shiller home price index for March is schedule for release at 9:00 a.m. ET. The Conference Board’s Consumer Confidence Index for May will be released at 10:00 a.m. ET, while the Dallas Fed general activity index for May will be released at 10:30 a.m. ET.
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Futures for the Dow Jones Industrial Average dropped 35 points to 21,031, while the Standard & Poor’s 500 index futures fell 4.25 points to 2,409.50. Futures for the Nasdaq 100 index declined 5.75 points to 5,786.50.
Oil prices traded lower as Brent crude futures fell 0.92 percent to trade at $51.81 per barrel, while US WTI crude futures dropped 0.50 percent to trade at $49.55 a barrel.
A Peek Into Global Markets
European markets were mostly lower today, with the Spanish Ibex Index dropping 0.22 percent, STOXX Europe 600 Index rising 0.04 percent and German DAX 30 index dropping 0.11 percent. The UK's FTSE index was trading lower by 0.43 percent, while French CAC 40 Index declined 0.58 percent.
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In Asian markets, Japan’s Nikkei Stock Average fell 0.02 percent, Hong Kong’s Hang Seng Index rose 0.24 percent, China’s Shanghai Composite Index gained 0.07 percent and India’s BSE Sensex rose 0.16 percent.
Broker Recommendation
Analysts at Wedbush downgraded Buffalo Wild Wings (NASDAQ:BWLD) from Neutral to Underperform.
Buffalo Wild Wings shares fell 1.47 percent to close at $151.00 on Friday.
Breaking news
- Loxo Oncology Inc (NASDAQ:LOXO) disclosed the FDA clearance for INDA for LOXO-195.
- Patriot National Inc (NYSE:PN) announced plans to explore strategic alternatives for the company.
- Array Biopharma Inc (NASDAQ:ARRY) and Bristol-Myers Squibb Co (NYSE:BMY) announced plans to collaborate on Array's MEK inhibitor.
- Merck & Co., Inc. (NYSE:MRK) reported that it has received the FDA approval of ISENTRESS for the treatment of HIV-1.
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.