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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.
Following the market opening Tuesday, the Dow traded down 0.16 percent to 24,973.49 while the NASDAQ climbed 0.02 percent to 7,395.21. The S&P also rose, gaining 0.06 percent to 2,734.69.
Leading and Lagging Sectors
Tuesday morning, the consumer staples shares surged 0.57 percent. Meanwhile, top gainers in the sector included Dean Foods Company (NYSE:DF), up 3 percent, and Viña Concha y Toro S.A. (NYSE:VCO) up 3 percent.
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In trading on Tuesday, real estate shares fell 0.2 percent.
Top Headline
AutoZone, Inc. (NYSE:AZO) reported better-than-expected earnings for its fiscal third quarter.
AutoZone posted Q3 earnings of $13.42 per share on sales of $2.66 billion. Analysts expected earnings of $13.01 per share on sales of $2.72 billion.
Equities Trading UP
Photronics, Inc. (NASDAQ:PLAB) shares shot up 11 percent to $9.375 after the company reported upbeat Q2 results.
Shares of Ferroglobe PLC (NYSE:GSM) got a boost, shooting up 7 percent to $12.17 following stronger-than-expected quarterly earnings.
Precipio, Inc. (NASDAQ:PRPO) shares were also up, gaining 42 percent to $0.597 after the nano-cap specialty diagnostics company said it saw an acceleration of sales in its Pathology services in April. The company now expects to see a sequential double digit quarterly sales growth.
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Equities Trading DOWN
Libbey Inc. (NYSE:LBY) shares dropped 8 percent to $6.28 after the company announced the suspension of its quarterly dividend. The company cited the prioritization of debt reduction and strategic investments as a reason for the move.
Shares of IZEA, Inc. (NASDAQ:IZEA) were down 12 percent to $1.8012 after the company posted downbeat quarterly results.
Evofem Biosciences, Inc. (NASDAQ:EVFM) was down, falling around 11 percent to $4.20 after the company reported pricing of public offering of common stock and warrants.
Commodities
In commodity news, oil traded up 0.28 percent to $72.44 while gold traded up 0.32 percent to $1,295.00.
Silver traded up 0.67 percent Tuesday to $16.63, while copper rose 1.10 to $3.1325.
Eurozone
European shares were higher today. The eurozone’s STOXX 600 rose 0.12 percent, the Spanish Ibex Index rose 0.75 percent, while Italy’s FTSE MIB Index gained 0.51 percent. Meanwhile the German DAX rose 0.38 percent, and the French CAC 40 rose 0.07 percent while U.K. shares rose 0.15 percent.
Economics
The Richmond Fed manufacturing index rose to 16.00 in May, versus prior reading of -3.00. Economists expected a reading of 9.00.
The Treasury is set to auction 4-and 52-week bills at 11:30 a.m. ET.
The Treasury is set to auction 2-year notes at 1:00 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.