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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.
Toward the end of trading Monday, the Dow traded down 0.25 percent to 26,439.65 while the NASDAQ declined 0.49 percent to 8,123.98. The S&P also fell, dropping 0.43 percent to 2,933.00.
Leading and Lagging Sectors
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Monday afternoon, the health care shares rose by 0.5 percent. Meanwhile, top gainers in the sector included Athenex, Inc. (NASDAQ:ATNX) up 28 percent, and ImmunoGen, Inc. (NASDAQ:IMGN) up 16 percent.
In trading on Monday, materials shares fell 1.3 percent.
Top Headline
SYSCO Corporation (NYSE:SYY) reported better-than-expected earnings for its third quarter, while sales missed views.
Earnings came in at $0.79 per share, beating estimates of $0.70 per share. Sales came in at $14.66 billion, missing estimates of $14.76 billion.
Equities Trading UP
Aquantia Corp. (NYSE:AQ) shares got a boost, shooting up 35 percent to $12.94 after the company announced it will be acquired by Marvell for $13.25 per share in cash, equaling $450 million total.
Shares of Aemetis, Inc. (NASDAQ:AMTX) shot up 57 percent to $1.32 after the company won a $23 million biodiesel supply contract with India state-owned oil companies.
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Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) shares were also up, gaining 36 percent to $61.12 after the company announced it plans to acquire 21 regional sports networks from Walt Disney.
Equities Trading DOWN
Midstates Petroleum Company, Inc. (NYSE:MPO) shares dropped 16 percent to $ 10.80. Amplify Energy and Midstates Petroleum reported merger-of-equals.
Shares of China Eastern Airlines Corporation Limited (NYSE:CEA) were down 8 percent to $34.13 following a tweet from President Trump hinting at additional tariffs on China. China has indicated it may back out of negotiations this week.
Affiliated Managers Group, Inc. (NYSE:AMG) was down, falling around 11 percent to $98.33 after the company announced it would acquire a stake in Garda Capital Partners and announced a new CEO and CFO. Affiliated Managers posted Q1 earnings of $3.26 per share on sales of $612.4 million.
Commodities
In commodity news, oil traded up 1.5 percent to $62.87 while gold traded up 0.1 percent to 1,282.50.
Silver traded down 0.3 percent Monday to $14.935, while copper rose 1 percent to $2.847.
Eurozone
European shares closed lower today. The eurozone’s STOXX 600 fell 0.88 percent, the Spanish Ibex Index fell 0.84 percent, while Italy’s FTSE MIB Index dipped 1.63 percent. Meanwhile the German DAX dropped 1.01 percent, and the French CAC 40 declined 1.18 percent while U.K. shares rose 0.4 percent.
Economics
On the economics calendar Monday, there is no important data due out.
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.