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.
Following the market opening Wednesday, the Dow traded up 0.57 percent to 25,571.23 while the NASDAQ climbed 0.26 percent to 7,433.96. The S&P also rose, gaining 0.45 percent to 2,757.14.
Leading and Lagging Sectors
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Wednesday morning, the energy shares climbed 1.3 percent. Meanwhile, top gainers in the sector included Alta Mesa Resources, Inc. (NASDAQ:AMR) up 8 percent, and Diamond Offshore Drilling, Inc. (NYSE:DO) up 7 percent.
In trading on Wednesday, utilities shares fell 0.3 percent.
Top Headline
DISH Network Corp (NASDAQ:DISH) reported weaker-than-expected earnings for its fourth quarter.
DISH earned $0.64 cents per share in the fourth quarter on revenue of $3.31 billion. However, analysts were expecting the company to earn $0.67 per share on revenue of $3.28 billion.
Equities Trading UP
Diebold Nixdorf, Incorporated (NYSE:DBD) shares got a boost, shooting up 32 percent to $6.89 after reporting upbeat Q4 sales.
Shares of ReWalk Robotics Ltd. (NASDAQ:RWLK) shot up 29 percent to $0.3490 after the company announced Cigna will adopt national policy coverage of personal exoskeleton devices.
Lattice Semiconductor Corporation (NASDAQ:LSCC) shares were also up, gaining 22 percent to $9.98 after reporting a fourth-quarter sales beat. The company issued strong first-quarter sales guidance.
Equities Trading DOWN
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McDermott International, Inc. (NYSE:MDR) shares dropped 24 percent to $7.07. McDermott projects adverse change in Q4 results of $168 million for Cameron Liquefied Natural Gas project, citing 'unfavorable labor productivity, and increases in subcontract, commissioning and construction management costs.'
Shares of Aquantia Corp. (NYSE:AQ) were down 25 percent to $7.39 after the company reported downbeat Q4 results.
Groupon, Inc. (NASDAQ:GRPN) was down, falling around 15 percent to $3.38 after reporting weaker-than-expected earnings for its fourth quarter on Tuesday.
Commodities
In commodity news, oil traded up 1 percent to $53.63 while gold traded down 0.1 percent to $1,313.00.
Silver traded down 0.25 percent Wednesday to $15.65, while copper fell 0.01 percent to $2.772.
Eurozone
European shares were higher today. The eurozone’s STOXX 600 climbed 0.8 percent, the Spanish Ibex Index rose 0.3 percent, while Italy’s FTSE MIB Index surged 1.1 percent. Meanwhile the German DAX climbed 0.7 percent, and the French CAC 40 surged 0.7 percent while U.K. shares rose 0.8 percent.
Economics
The Consumer Price Index was unchanged for January, versus economists’ expectations for a 0.1 percent drop.
The Energy Information Administration’s weekly report on petroleum inventories in the U.S. is schedule for release at 10:30 a.m. ET.
Philadelphia Federal Reserve Bank Chairman Patrick Harker is set to speak in Philadelphia, Pennsylvania at 12:00 p.m. ET.
The U.S. Treasury budget report for December will be released at 2:00 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.