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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.
Midway through trading Wednesday, the Dow traded up 0.05 percent to 22,840.92 while the NASDAQ rose 0.07 percent to 6,591.99. The S&P also rose, gaining 0.01 percent to 2,550.86.
Leading and Lagging Sectors
On Wednesday, the non-cyclical consumer goods & services shares surged 0.56 percent.
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In trading on Wednesday, basic materials shares fell 0.26 percent. Meanwhile, top losers in the sector included Aluminum Corp. of China Limited (ADR) (NYSE:ACH), down 4 percent, and Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) down 2 percent.
Top Headline
Delta Air Lines, Inc. (NYSE:DAL) reported upbeat results for its third quarter on Wednesday.
Delta Air posted quarterly adjusted earnings of $1.57 per share on revenue of $11.1 billion. However, analysts expected earnings of $1.53 per share on revenue of $11.03 billion.
Equities Trading UP
CASI Pharmaceuticals Inc (NASDAQ:CASI) shares shot up 60 percent to $3.55 following disclosure company Director He Wei-Wu purchased 200,000 shares on October 5 and 6. The stock rallied 15 percent on no news during Tuesday's intraday session.
Shares of Helios and Matheson Analytics Inc (NASDAQ:HMNY) got a boost, shooting up 34 percent to $37.43 continuing a 32 percent rally during Tuesday's intraday session, a 77 percent rally since Friday's close, and a nearly 125 percent rally since October 5 amid reports Netflix will be increasing prices.
Aerie Pharmaceuticals Inc (NASDAQ:AERI) shares were also up, gaining 17 percent to $64.62 following positive preliminary FDA data on Rhopressa earlier this morning.
Equities Trading DOWN
Hudson Technologies, Inc. (NASDAQ:HDSN) shares dropped 12 percent to $6.66 amid concerning guidance. The company said it is expecting Q3 EPS of $0.03-$0.05 versus an analyst consensus estimate of $0.10. Sales are expected to be around $25 million versus the analyst estimate of nearly $41 million.
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Shares of VOXX International Corp (NASDAQ:VOXX) were down 23 percent to $6.66. Voxx International reported FQ2 profit of $17.1 million on revenue of $113.5 million.
Oil-Dri Corporation of America (NYSE:ODC) was down, falling around 17 percent to $42.00. Oil-Dri reported Q4 earnings of $0.18 per share on revenue of $65.776 million.
Commodities
In commodity news, oil traded down 0.04 percent to $50.90 while gold traded down 0.17 percent to $1,291.60.
Silver traded down 0.24 percent Wednesday to $17.165, while copper rose 0.57 percent to $3.078.
Eurozone
European shares were mixed today. The eurozone’s STOXX 600 declined 0.05 percent, the Spanish Ibex Index rose 1.33 percent, while Italy’s FTSE MIB Index gained 0.85 percent. Meanwhile the German DAX rose 0.10 percent, and the French CAC 40 slipped 0.18 percent while U.K. shares fell 0.01 percent.
Economics
The MBA's index of mortgage application activity declined 2.1 percent for the latest week.
U.S. job openings declined to 6.08 million in August, versus prior reading of 6.14 million, according to JOLTS report.
The Treasury will auction 10-year notes at 1:00 p.m. ET.
The Federal Open Market Committee will issue minutes of its latest meeting at 2:00 p.m. ET.
San Francisco Federal Reserve Bank President John Williams will speak in Salt Lake City at 2:40 p.m. ET.
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.