US stock futures signal lower open as tech giants struggle; Bitcoin hits new high

<p>The major US index futures are implying a lower opening for the major indices. The S&amp;P index is down -31 points. The Dow Industrial Average down -181 and the Nasdaq index is down -152.68 points.</p><p>Tesla reported Q4 deliveries of 484,507 which was higher than the 473K expected. The shares are trading up 0.75%. The company expects fiscal year 2023 deliveries to be 1.81 million versus expected 1.82 million.</p><p>Looking at some of the high flyers from 2023 in premarket trading:</p><ul><li>Nvidia,-0.54%</li><li>Meta, -0.94%</li><li>Apple -2.31%</li><li>Alphabet -0.88%</li><li>Microsoft -0.66%</li><li>Amazon -0.80%</li><li>Tesla +0.75%</li></ul><p>Coinbase a top cryptocurrency broker is trading up 1.59%. Bitcoin is trading above $45,000 at $45,763. That's our highest level since April 2022. Hopes for approval for a bitcoin ETF are spurring on continued buying. Since mid-September, the price of bitcoin is up close to 83%.</p><p>Oil prices are jumping on the Red Sea risks from Iranian terrorists. Crude oil is trading up of 1.52%. Chevron shares are trading at $0.79 or 0.53%. Exxon Mobil is trading at $0.55 or 0.55%.</p><p>US yields are higher with the 10-year yield trading at 3.953% up 9.4 basis points</p>

This article was written by Greg Michalowski at www.forexlive.com.