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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 Friday, the Dow traded up 1.17% to 28002.57 while the NASDAQ rose 0.97% to 8653.49. The S&P also rose, gaining 0.99% to 3148.36.
Leading and Lagging Sectors
Energy shares climbed 2.1% on Friday. Meanwhile, top gainers in the sector included Sundance Energy, Inc. (NASDAQ:SNDE), up 24%, and Covia Holdings Corporation (NYSE:CVIA), up 18%.
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In trading on Friday, utilities shares rose by just 0.1%.
Top Headline
Big Lots, Inc. (NYSE:BIG) reported upbeat results for its third quarter.
Big Lots posted quarterly loss of $0.18 per share, beating analysts’ estimates for a loss of $0.20 per share. Its sales came in at $1.168 billion, versus estimates of $1.16 billion.
Big Lots said it expects FY19 adjusted EPS of $3.70-$3.85, versus analysts’ estimates of $3.80.
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Equities Trading UP
Wellesley Bancorp, Inc. (NASDAQ:WEBK) shares shot up 30% to $42.00. Cambridge Trust announced plans to acquire Wellesley Bank for $122 million.
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Shares of Genesco Inc. (NYSE:GCO) got a boost, shooting up 31% to $48.49 after the company reported better-than-expected Q3 EPS results. The company also issued FY20 EPS guidance above analyst estimates and Q3 comps up 3%.
Big Lots, Inc. (NYSE:BIG) shares were also up, gaining 28% to $24.43 after the company reported better-than-expected Q3 EPS and sales results.
Equities Trading DOWN
Correvio Pharma Corp. (NASDAQ:CORV) shares tumbled 32% to $1.4750.
Shares of Yext, Inc. (NYSE:YEXT) were down 17% to $13.82 after the company reported worse-than-expected Q3 EPS results. The company also issued Q4 and FY20 EPS and sales guidance below analyst estimates.
PagerDuty, Inc. (NYSE:PD) was down, falling 12% to $21.92 after the company reported worse-than-expected Q3 EPS results. The company also issued Q4 and FY20 EPS guidance below analyst estimates.
Commodities
In commodity news, oil traded up 1.3% to $59.19, while gold traded down 1.2% to $1,464.70.
Silver traded down 2.5% Friday to $16.625, while copper rose 2.1% to $2.718.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 gained 1.16%, the Spanish Ibex Index rose 1.51%, while Italy’s FTSE MIB Index rose 0.93%. Meanwhile, the German DAX gained 0.86%, and the French CAC 40 rose 1.21% while UK shares rose 1.43%.
Economics
The nonfarm payroll number came in at +266,000, above consensus economist expectations of +187,000. The unemployment rate dropped from 3.6% to just 3.5%, its lowest level in 50 years.
The University of Michigan's consumer sentiment index climbed to 99.2 in December, compared to 96.8 in November.
U.S. wholesale inventories rose 0.1% in October, versus a revised 0.7% decline in the prior month.
The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.
Data on consumer credit for October will be released at 3:00 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.