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 higher in early pre-market trade. The Federal Open Market Committee will begin its two-day policy meeting today. The Producer Price Index for May will be released at 8:30 a.m. ET. New York Federal Reserve President Willian Dudley is set to speak in Washington D.C. at 1:45 p.m. ET.
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Futures for the Dow Jones Industrial Average climbed 23 points to 21,249.00, while the Standard & Poor’s 500 index futures rose 4.25 points to 2,432.75. Futures for the Nasdaq 100 index climbed 10.25 points to 5,721.25.
Oil prices traded higher as Brent crude futures rose 0.19 percent to trade at $48.38 per barrel, while US WTI crude futures rose 0.20 percent to trade at $48.38 a barrel.
A Peek Into Global Markets
European markets were mostly higher today, with the Spanish Ibex Index rising 0.47 percent, STOXX Europe 600 Index gaining 0.55 percent and German DAX 30 index gaining 0.45 percent. The UK's FTSE index was trading lower by 0.03 percent, while French CAC 40 Index rose 0.36 percent.
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In Asian markets, Japan’s Nikkei Stock Average fell 0.05 percent, Hong Kong’s Hang Seng Index rose 0.56 percent, China’s Shanghai Composite Index climbed 0.44 percent and India’s BSE Sensex rose 0.03 percent.
Broker Recommendation
Analysts at Goldman Sachs downgraded Shopify Inc (US) (NYSE:SHOP) from Buy to Neutral.
Shopify shares fell 2.96 percent to $86.26 in pre-market trading.
Breaking news
- Scotts Miracle-Gro Co (NYSE:SMG) lowered its guidance for fiscal 2017.
- Science Applications International Corp (NYSE:SAIC) reported better-than-expected earnings for its first quarter, but revenue missed estimates.
- pSivida Corp. (NASDAQ:PSDV) disclosed that its Phase 3 trial for Durasert met primary endpoint.
- Cavco Industries, Inc. (NASDAQ:CVCO) posted strong results for its fourth quarter on Monday.
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.