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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 up 2.03% to 22,076.54 while the NASDAQ rose 2.58% to 7696.19. The S&P also rose, gaining 2.23% to 2,598.10.
The U.S. is now the epicenter of the coronavirus pandemic with the highest number of cases around the world. U.S. reported a total of 143,000 coronavirus cases with around 2,500 deaths. Italy reported a total of at least 97,600 confirmed cases and 10,700 deaths, while Spain confirmed a total of over 80,100 coronavirus cases. Mainland China reported 31 new cases on Sunday. In total, there are at least 732,100 cases of COVID-19 worldwide with over 34,600 deaths, according to data compiled by Johns Hopkins University.
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Leading and Lagging Sectors
Health care shares rose 3.5% on Monday. Meanwhile, top gainers in the sector included Owens & Minor, Inc. (NYSE:OMI), up 34%, and Recro Pharma, Inc. (NASDAQ:REPH), up 21%.
In trading on Monday, energy shares dipped 1.2%.
Top Headline
Cal-Maine Foods, Inc. (NASDAQ:CALM) reported upbeat results for its third quarter on Monday.
Cal-Maine reported quarterly earnings of $0.28 per share on Thursday, which beat the analyst consensus estimate of $0.17 per share. The company reported quarterly sales of $345.6 million, which exceeded the analyst consensus estimate of $338.1 million.
Equities Trading UP
Owens & Minor, Inc (NYSE:OMI) shares shot up 33% to $7.32. The company's CEO appeared on CNBC on Friday and indicated the company is expanding capacity to meet personal protective equipment demand.
Shares of Plus Therapeutics, Inc. (NASDAQ:PSTV) got a boost, shooting 48% to $2.13 after the company announced it has entered into an agreement to license multiple rare cancer drug product candidates from NanoTx for an upfront payment of $400,000 in cash and $300,000 in stock.
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SuperCom Ltd. (NASDAQ:SPCB) shares were also up, gaining 157% to $1.26 after the company announced it has shipped Coronavirus quarantine compliance technology for an immediate pilot.
Equities Trading DOWN
TEGNA Inc. (NYSE:TGNA) shares tumbled 23% to $10.27 following media reports that Apollo is no longer pursuing acquisition of Tegna.
Shares of Western Asset Mortgage Capital Corporation (NYSE:WMC) were down 28% to $2.9050.
U.S. Gold Corp. (NYSE:USAU) was down, falling 25% to $5.27 after the company reported a $2 million registered direct offering.
Commodities
In commodity news, oil traded down 6.6% to $20.10, while gold traded down 0.4% to $1,647.90.
Silver traded down 1.7% Monday to $14.29, while copper fell 1.2% to $2.1465.
Euro zone
European shares were mixed today. The eurozone’s STOXX 600 rose 0.5% the Spanish Ibex Index fell 2.4%, while Italy’s FTSE MIB Index fell 0.69%. Meanwhile, the German DAX gained 0.7%, and the French CAC 40 fell 0.9% while UK shares rose 0.36%.
Economics
The pending sales index increased 9.4% year-over-year in February, versus a revised 5.8% gain in January.
The Dallas Fed manufacturing index declined to a reading of -70 in March, versus 1.2 in the earlier month.
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.