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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.
Following the market opening Tuesday, the Dow traded up 0.68% to 25892.19 while the NASDAQ rose 1.21% to 7819.42. The S&P also rose, gaining 0.78% to 2866.95.
Leading and Lagging Sectors
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Information technology shares climbed 1.5% on Tuesday. Meanwhile, top gainers in the sector included Itron, Inc. (NASDAQ:ITRI), up 14%, and NeoPhotonics Corporation (NYSE:NPTN), up 14%.
In trading on Tuesday, energy shares fell 0.6%.
Top Headline
Becton Dickinson and Co (NYSE:BDX) reported better-than-expected earnings for its third quarter, while sales missed estimates.
Becton Dickinson reported quarterly earnings of $3.08 per share, which beat the analyst consensus estimate of $3.05 per share. The company posted quarterly sales of $4.35 billion, versus analysts’ estimates of $ $4.37 billion.
Equities Trading UP
EverQuote, Inc. (NASDAQ:EVER) shares shot up 42% to $18.71 after the company reported better-than-expected Q2 EPS and sales results. The company also issued Q3 and FY19 sales guidance above analyst estimates.
Shares of T2 Biosystems, Inc. (NASDAQ:TTOO) got a boost, shooting up 29% to $0.8752 after the company announced that the United States Centers for Medicare & Medicaid Services approved a new technology add on payment for the company's T2Bacteria panel.
Ducommun Incorporated (NYSE:DCO) shares were also up, gaining 22% to $47.86 after the company reported better-than-expected Q2 EPS and sales results.
Equities Trading DOWN
GreenSky, Inc. (NASDAQ:GSKY) shares tumbled 29% to $7.32 after the company reported worse-than-expected Q2 EPS and sales results and announced intent to explore strategic alternatives.
Shares of Care.com, Inc. (NYSE:CRCM) were down 21% to $8.05 after the company reported downbeat Q2 sales and issued weak forecast.
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Unit Corporation (NYSE:UNT) was down, falling 20% to $3.75 following weak Q2 results.
Commodities
In commodity news, oil traded up 0.6% to $55.04, while gold traded down 0.1% to $1,475.70.
Silver traded up 0.1% Tuesday to $16.40, while copper rose 0.6% to $2.5595.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 rose 0.7%, the Spanish Ibex Index rose 0.5%, while Italy’s FTSE MIB Index climbed 0.6%. Meanwhile, the German DAX gained 0.7%, and the French CAC 40 rose 1% while UK shares rose 0.1%.
Economics
The Johnson Redbook Retail Sales Index rose 1.1% during the first week of August versus July.
The number of job openings in the US fell slightly to 7.348 million in June, versus a revised 7.384 million in the prior month, the Labor Department reported.
The Treasury is set to auction 3-year notes at 1:00 p.m. ET.
St. Louis Federal Reserve Bank President James Bullard is set to speak in Washington, DC at 1:05 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.