Developing Story
Bitcoin ETFs, stocks infected by crypto malaise
Bitcoin continues week long decline
Bitcoin traded around $27,000. Bitcoin had fallen the last seven days leading into Thursday. Bitcoin is off more than 26% month-to-date and down more than 38% year-to-date.
Futures at a glance
Stock futures are lower Thursday ahead of a report on wholesale inflation and weekly jobless claims.
Meanwhile, oil prices dipped, with West Texas Intermediate futures trading at around $104.80 a barrel and Brent crude futures trading at about $106.50 per barrel.
Stock futures decline ahead of PPI, jobless claims
U.S. equity futures traded lower Thursday morning as selling continued after the consumer price index for April remained near a 40-year high, sparking concerns about a looming recession. Continue reading
Oil slips more than 2% on recession fears
Benchmark U.S. oil dropped to $103 per barrel in electronic trading on the New York Mercantile Exchange. It gained 6% on Wednesday. Brent crude fell to around $105 per barrel. It added 4.9% the day before.
Gasoline hits new high
The average price for a gallon of gasoline in the U.S. rose to a record Thursday morning to $4.418, according to the latest numbers from AAA. The price on Wednesday was $4.404.
This news is republished from another source. You can check the original article here.
Be the first to comment