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 Monday, the Dow traded down 0.40% to 28,523.80 while the NASDAQ fell 0.07% to 9,014.66. The S&P also fell, dropping 0.12% to 3,230.81.
Leading and Lagging Sectors
Energy shares climbed 0.6% on Monday. Meanwhile, top gainers in the sector included Pacific Drilling SA (NYSE:PACD), up 23%, and BP Prudhoe Bay Royalty Trust (NYSE:BPT), up 9%.
In trading on Monday, financial shares fell 0.7%.
Top Headline
Commercial Metals Company (NYSE:CMC) reported better-than-expected Q1 earnings, while sales missed views.
Commercial Metals posted quarterly earnings of $0.73 per share on sales of $1.385 billion. However, analysts were expecting earnings of $0.54 per share on sales of $ $1.43 billion.
Equities Trading UP
aTyr Pharma, Inc. (NASDAQ:LIFE) shares shot up 56% to $6.64 amid news of a license deal with Kyorin Pharma.
Shares of The Habit Restaurants, Inc. (NASDAQ:HABT) got a boost, shooting up 33% to $13.94 after Yum! Brands, Inc. (NYSE:YUM) announced plans to acquire the company for $14 per share.
Pacific Drilling S.A. (NYSE:PACD) shares were also up, gaining 24% to $5.90.
Equities Trading DOWN
Edesa Biotech, Inc. (NASDAQ:EDSA) shares tumbled 24% to $3.0181 after reporting a $4.36 million registered direct offering.
Shares of Osmotica Pharmaceuticals plc (NASDAQ:OSMT) were down 13% to $6.09 after announcing a 6 million share offering.
NanoViricides, Inc. (NYSE:NNVC) was down, falling 13% to $2.9662 after the company reported that it has received a cash infusion of $2.25 million.
Commodities
In commodity news, oil traded up 1.3% to $63.85, while gold traded up 1.8% to $1,580.60.
Silver traded up 1.7% Monday to $18.455, while copper fell 0.5% to $2.7735.
Euro zone
European shares were lower today. The eurozone’s STOXX 600 dropped 1%, the Spanish Ibex Index fell 0.8%, while Italy’s FTSE MIB Index dipped 1.5%. Meanwhile, the German DAX dropped 1.6%, and the French CAC 40 fell 1.1% while UK shares fell 0.9%.
Economics
The IHS Markit US services PMI rose to 52.8 in December, versus a preliminary estimate of 52.2, and versus final reading of 51.6 for November.
The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
The TD Ameritrade Investor Movement Index for December will be released at 12:30 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.
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!