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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 down 0.23% to 27,032.00 while the NASDAQ fell 0.59% to 8,134.62. The S&P also fell, dropping 0.23% to 2,999.95.
Leading and Lagging Sectors
Health care shares climbed 0.6% on Friday. Meanwhile, top gainers in the sector included Akorn, Inc. (NASDAQ:AKRX), up 11%, and DURECT Corporation (NASDAQ:DRRX), up 11%.
In trading on Friday, information technology shares fell 0.9%.
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.
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Equities Trading UP
McDermott International, Inc. (NYSE:MDR) shares shot up 28% to $2.02 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 10% to $18.41 after the company reported better-than-expected Q2 results
California Resources Corporation (NYSE:CRC) shares were also up, gaining 12% to $11.10 after falling 29.46% on Thursday.
Equities Trading DOWN
InspireMD, Inc. (NYSE:NSPR) shares tumbled 44% to $1.4550 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 $2.59 after the company reported plan to exit China and issued weak sales forecast.
Roku, Inc. (NASDAQ:ROKU) was down, falling 20% to $106.50 after Pivotal Research initiated coverage on the stock with a Sell rating and a $60 price target.
Commodities
In commodity news, oil traded down 0.5% to $57.85, while gold traded up 0.8% to $ 1,518.80.
Silver traded up 0.1% Friday to $17.905, while copper fell 0.7% to $2.5905.
Euro zone
European shares closed mostly higher today. The eurozone’s STOXX 600 rose 0.29%, the Spanish Ibex Index rose 0.47%, while Italy’s FTSE MIB Index slipped 0.02%. Meanwhile, the German DAX gained 0.08%, and the French CAC 40 rose 0.56% while UK shares fell 0.16%.
Economics
The total number of active U.S. oil rigs dropped by 14 to 719 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.
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