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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 0.96% to 26,035.69 while the NASDAQ fell 0.59% to 7,911.82. The S&P also fell, dropping 0.75% to 2,896.80.
Leading and Lagging Sectors
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Real estate shares rose 0.2% on Monday. Meanwhile, top gainers in the sector included American Realty Investors, Inc. (NYSE:ARL), up 4%, and Transcontinental Realty Investors, Inc. (NYSE:TCI), up 4%.
In trading on Monday, financial shares tumbled 1.3%.
Top Headline
SYSCO Corporation (NYSE:SYY) reported better-than-expected earnings for its fourth quarter, while sales missed views.
Sysco reported fourth-quarter earnings of $1.10 per share, which beat the analyst consensus estimate of $1.06. The company reported quarterly sales of $15.5 billion, which missed the analyst consensus estimate of $15.65 billion.
Equities Trading UP
Cellect Biotechnology Ltd. (NASDAQ:APOP) shares shot up 96% to $0.8150. Israel-based Cellect, a developer of stem cell production technology, announced Monday that the Data and Safety Monitoring Board recommended dose escalation and the continuation of enrollment for the fourth and final dose cohort in the ongoing Phase 1/2 clinical study of ApoGraft. ApoGraft is a platform or production technology designed to eliminate immune responses in any transplantation of foreign cells and tissues. The determination from theDSMB comes after one-month data from the ninth patient enrolled in the mid-stage trial became available.
Shares of Arcadia Biosciences, Inc. (NASDAQ:RKDA) got a boost, shooting up 47% to $6.65 as the company reported Limited Liability Company operating agreement with Legacy Ventures Hawaii.
Soliton, Inc. (NASDAQ:SOLY) shares were also up, gaining 23% to $11.09 after the company announced it has initiated patient recruitment for its upcoming pivotal cellulite trial across all four trial sites.
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Equities Trading DOWN
CannTrust Holdings Inc. (NYSE:CTST) shares tumbled 25% to $2.3850 after the company announced it has received a report from Health Canada notifying the Company that its manufacturing facility in Vaughan, Ontario has been rated non-compliant with certain regulations.
Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) were down 56% to $8.17 after Alberto Fernandez routed President Mauricio Macri in a shocking primary election result.
Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) was down, falling 57% to $5.54 after Alberto Fernandez routed President Mauricio Macri in a shocking primary election result.
Commodities
In commodity news, oil traded up 0.5% to $54.75, while gold traded up 0.5% to $1,516.20.
Silver traded up 0.5% Monday to $17.025, while copper fell 0.1% to $2.5865.
Euro zone
European shares were lower today. The eurozone’s STOXX 600 fell 0.3%, the Spanish Ibex Index fell 0.9%, while Italy’s FTSE MIB Index dropped 0.3%. Meanwhile, the German DAX dropped 0.1%, and the French CAC 40 fell 0.3% while UK shares fell 0.4%.
Economics
The U.S. Treasury budget report for July 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.