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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 Monday, the Dow traded down 1.23 percent to 24,432.70 while the NASDAQ declined 1.27 percent to 7,074.24. The S&P also fell, dropping 1.14 percent to 2,634.34.
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On Monday, the real estate shares climbed 0.1 percent. Meanwhile, top gainers in the sector included Site Centers Corp (NYSE:SITC) up 2 percent, and Coeur Mining Inc (NYSE:CDR) up 2 percent.
In trading on Monday, information technology shares fell 1.7 percent.
Top Headline
Caterpillar Inc. (NYSE:CAT) reported weaker-than-expected earnings for its fourth quarter on Monday.
Caterpillar reported a bottom line of $2.55 against $2.99 estimates, with revenue of $14.3 billion falling shy of $14.33 forecasts.
Caterpillar projects EPS of $11.75 to $12.75 for the 2019 fiscal year. Consensus anticipates just $12.64.
Equities Trading UP
Trevena, Inc. (NASDAQ:TRVN) shares got a boost, shooting up 64 percent to $0.89 after the company announced a pathway to resolve concerns the FDA had with oliceridine.
Shares of Avalon GloboCare Corp. (NASDAQ:AVCO) shot up 48 percent to $6.27 after the company announced development of a saliva-based biomarker for oral cancer.
Milestone Scientific Inc. (NYSE:MLSS) shares were also up, gaining 35 percent to $0.54 after the New York Stock Exchange accepted the company's plan to regain compliance with exchange regulations.
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Equities Trading DOWN
Dynagas LNG Partners LP (NYSE:DLNG) shares dropped 32 percent to $2.75 after the company cut its quarterly dividend from $0.25 per share to $0.0625 per share. The stock was also downgraded by B. Riley from Buy to Neutral with its price target cut from $10.50 to $2.65.
Shares of Vale S.A. (NYSE:VALE) were down 16 percent to $11.49 after the company announced plans to suspend dividends, buybacks and bonuses following Brazil Dam disaster.
Guess?, Inc. (NYSE:GES) was down, falling around 16 percent to $18.76 after the company disclosed that its CEO Victor Herrero is leaving the company.
Commodities
In commodity news, oil traded down 3.63 percent to $51.74 while gold traded up 0.27 percent to $1,307.70.
Silver traded up 0.13 percent Monday to $15.72, while copper fell 1.41 percent to $2.6905.
Eurozone
European shares were lower today. The eurozone’s STOXX 600 slipped 0.97 percent, the Spanish Ibex Index declined 1.4 percent, while Italy’s FTSE MIB Index dropped 1.05 percent. Meanwhile the German DAX dropped 0.65 percent, and the French CAC 40 slipped 0.85 percent while U.K. shares fell 0.83 percent.
Economics
The Chicago Fed National Activity Index rose to a reading of +0.27 in December, compared to +0.21 in November.
The Dallas Fed manufacturing index for January will be released at 10:30 a.m. ET.
The Treasury is set to auction 6-month bills and 2-year notes at 11:30 a.m. ET.
The Treasury will auction 3-month bills and 5-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.