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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 Friday, the Dow traded up 0.67% to 27269.94 while the NASDAQ rose 0.45% to 8233.10. The S&P also rose, gaining 0.29% to 3008.48.
Leading and Lagging Sectors
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Industrial shares rose 1.4% on Friday. Meanwhile, top gainers in the sector included Milacron Holdings Corp. (NYSE:MCRN), up 25%, and Roadrunner Transportation Systems, Inc. (NYSE:RRTS), up 7%.
In trading on Friday, health care shares fell 1.4%.
Top Headline
Infosys Limited (NYSE:INFY) reported upbeat June-quarter profit and raised revenue forecast for the fiscal year.
Infosys posted a profit of 38.02 billion rupees ($554.00 million), compared to 36.12 billion rupees in the year-ago period. Revenue from operations increased around 14%. Analysts were expecting a profit of 37.05 billion rupees.
Infosys raised its full-year sales growth guidance from 7.5%-9.5% to 8.5%-10%.
Equities Trading UP
Tower International, Inc. (NYSE:TOWR) shares shot up 70% to $30.97 after the company announced it will be acquired by Autokiniton Global for $31 per share in cash.
Shares of SG Blocks, Inc. (NASDAQ:SGBX) got a boost, shooting up 56% to 1.00 after the company executed an agreement to own a 50% membership interest in CPF GP, which is expected to own a 302-unit multifamily project in Sullivan County, NY.
Milacron Holdings Corp. (NYSE:MCRN) shares were also up, gaining 25% to $16.94 after the company agreed to be acquired by Hillenbrand Inc. (NYSE:HI) in a cash and stock transaction valued at $2 billion including net debt of $686 million as of March 31.
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Equities Trading DOWN
U.S. Xpress Enterprises, Inc. (NYSE:USX) shares tumbled 12% to $4.27 after the company lowered its financial outlook for the second quarter 2019 as well as the full year.
Shares of SenesTech, Inc. (NASDAQ:SNES) were down 13% to $1.33 after the company reported a common stock offering of 3.03 million shares at $1.35 per share.
Illumina, Inc. (NASDAQ:ILMN) was down, falling 16% to $306.66 after the company reported preliminary Q2 sales below analyst estimates.
Commodities
In commodity news, oil traded up 0.1% to $60.23, while gold traded up 0.6% to $1,414.60.
Silver traded up 0.7% Friday to $15.245, while copper rose 0.3% to $2.6945.
Euro zone
European shares closed mostly higher today. The eurozone’s STOXX 600 rose 0.04%, the Spanish Ibex Index rose 0.14%, while Italy’s FTSE MIB Index gained 0.06%. Meanwhile, the German DAX dropped 0.07%, and the French CAC 40 rose 0.38% while UK shares fell 0.05%.
Economics
The Producer Price Index rose 0.1% for June, versus economists’ expectations for a 0.1% increase.
The total number of active U.S. oil rigs slipped by 4 to 784 rigs this week, Baker Hughes Inc reported.
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.