U.S. stock market indexes traded mostly higher in premarket trading on Tuesday.
Shares of film and camera company Eastman Kodak Co. (KODK, Financial) more than doubled on Tuesday after it announced it is teaming up with Wenn Digital to launch a cryptocurrency called "KODAKCoin" for photographers, which is part of image rights management plaform "KODAKOne," which uses blockchain technology.
The cryptocurrency platform is intended to give photographers and agencies more control in protecting their work as well as provide a new revenue stream.Â
“Engaging with a new platform, it is critical photographers know their work and their income is handled securely and with trust, which is exactly what we did with KODAKCoin,” Wenn Digital CEO Jan Denecke said.
The initial coin offering will occur on Jan. 31.Â
Gainers
- Illumina Inc. (ILMN, Financial)
- Target Corp. (TGT, Financial)
- Gilead Sciences Inc. (GILD, Financial)
- Danaher Corp. (DHR, Financial)
- Agilent Technologies Inc. (A, Financial)
Losers
- Under Armour Inc. (UAA, Financial)
- Micron Technology Inc. (MU, Financial)
- Advanced Micro Devices Inc. (AMD, Financial)
- Freeport-McMoRan Inc. (FCX, Financial)
- Kimco Realty Corp. (KIM, Financial)
The main European stock markets traded higher. The U.K.'s FTSE 100 rose 0.45%, France's CAC 40 climbed 0.67%, Germany's Dax jumped 0.13% and Spain's Ibex 35 gained 0.27%.
In Asia, Japan's Nikkei 225 gained 0.57%, India’s BSE Sensex inched up 0.26%, Hong Kong's Hang Seng rose 0.36% and China's SSE Composite gained 0.13%.
Disclosure: The author holds no positions in any stocks mentioned.
