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 Friday, the Dow traded up 0.32% to 27182.52 while the NASDAQ rose 0.14% to 8194.52. The S&P also rose, gaining 0.26% to 3014.73.
Leading and Lagging Sectors
Health care shares climbed 0.9% on Friday. Meanwhile, top gainers in the sector included Stealth BioTherapeutics Corp (NASDAQ:MITO), up 10%, and Eton Pharmaceuticals, Inc. (NASDAQ:ETON), up 7%.
In trading on Friday, utilities shares fell 0.2%.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Top Headline
Steelcase Inc. (NYSE:SCS) reported better-than-expected Q2 results on Thursday.
Earnings came in at 50 cents per share, beating estimates by 7 cents. Sales came in at $998 million, beating estimates by $17.13 million.
.
Equities Trading UP
McDermott International, Inc. (NYSE:MDR) shares shot up 67% to $2.6436 after the company announced it will explore strategic alternatives for Lummus Technology. The company recently received unsolicited offers to acquire Lummus with a valuation of over $2.5 billion.
Shares of Steelcase Inc. (NYSE:SCS) got a boost, shooting up 9% to $18.22 after the company reported better-than-expected Q2 results
OptimumBank Holdings, Inc. (NASDAQ:OPHC) shares were also up, gaining 18% to $3.82.
Equities Trading DOWN
InspireMD, Inc. (NYSE:NSPR) shares tumbled 43% to $1.49 after the company priced its underwritten public offering of 2.77 million units at $1.80 per unit.
Shares of SMTC Corporation (NASDAQ:SMTX) were down 12% to $2.5814 after the company reported plan to exit China and issued weak sales forecast.
Roku, Inc. (NASDAQ:ROKU) was down, falling 11% to $118.89 after Pivotal Research initiated coverage on the stock with a Sell rating and a $60 price target.
Commodities
In commodity news, oil traded up 1% to $58.72, while gold traded up 0.2% to $1,509.10.
Silver traded up 0.1% Friday to $17.905, while copper rose 0.2% to $2.613.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 rose 0.3%, the Spanish Ibex Index rose 0.4%, while Italy’s FTSE MIB Index climbed 0.4%. Meanwhile, the German DAX gained 0.1%, and the French CAC 40 rose 0.4% while UK shares rose 0.1%.
Economics
Boston Federal Reserve Bank President Eric Rosengren will speak in New York at 11:20 a.m. ET.
The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.
Dallas Federal Reserve Bank President Robert Kaplan will speak in Corpus Christi, Texas at 1:00 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.