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.
Toward the end of trading Friday, the Dow traded up 0.12 percent to 26,470.96 while the NASDAQ gained 0.02 percent to 8,043.63. The S&P also rose, gaining 0.06 percent to 2,915.60 .
Leading and Lagging Sectors
Friday afternoon, the utilities shares rose 1.23 percent. Meanwhile, top gainers in the sector included Vistra Energy Corp. (NYSE:VST) up 3 percent, and SCANA Corporation (NYSE:SCG) up 4 percent.
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In trading on Friday, financial shares fell 0.67 percent.
Top Headline
BlackBerry Ltd (NYSE:BB) reported upbeat earnings for its second quarter.
BlackBerry posted quarterly adjusted earnings of $0.04 per share on sales of $210 million. However, analysts were expecting earnings of $0.01 per share on sales of $209.38 million.
Equities Trading UP
ChemoCentryx, Inc. (NASDAQ:CCXI) shares shot up 17 percent to $12.62 after the company earlier withdrew its plans for a public offering of common stock.
Shares of Synthetic Biologics, Inc. (NYSE:SYN) got a boost, shooting up 89 percent to $4.64.
CafePress Inc. (NASDAQ:PRSS) shares were also up, gaining 13 percent to $1.46 after the company agreed to be acquired by Snapfish.
Equities Trading DOWN
Altimmune, Inc. (NASDAQ:ALT) shares dropped 49 percent to $4.46 after dropping 27.62 percent on Thursday. Altimmune priced its 2.4 million unit offering at $5.00 per share.
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Shares of Geron Corporation (NASDAQ:GERN) were down 22 percent to $1.805 after dropping 63 percent on Thursday. Johnson & Johnson's Janssen unit decided to terminate a collaboration and licensing agreement it had with Geron since 2014.
Progress Software Corporation (NASDAQ:PRGS) was down, falling around 18 percent to $34.90. Progress Software reported upbeat earnings for its third quarter, while sales missed views. The company also issued weak forecast for the fourth quarter.
Commodities
In commodity news, oil traded up 1.73 percent to $73.37 while gold traded up 0.73 percent to $1,196.10.
Silver traded up 2.87 percent Friday to $14.70, while copper rose 0.84 to $2.8065.
Eurozone
European shares closed lower today. The eurozone’s STOXX 600 dropped 0.83 percent, the Spanish Ibex Index fell 1.45 percent, while Italy’s FTSE MIB Index declined 3.72 percent. Meanwhile the German DAX dropped 1.52 percent, and the French CAC 40 declined 0.85 percent while U.K. shares fell 0.47 percent.
Economics
U.S. consumer spending rose 0.3 percent for August, versus economists’ expectations for a 0.3 percent increase. Personal income also increased 0.3 percent in August.
The Chicago PMI dropped to a reading of 60.4 for September, versus August's reading of 63.6.
The final reading of University of Michigan's consumer sentiment index slipped to 100.1 for September, versus preliminary reading of 100.8.
The total number of active U.S. oil rigs fell by 3 to 863 rigs this week, Baker Hughes Inc reported.
New York Federal Reserve Bank President John Williams is set to speak in New York at 4:45 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.