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 Thursday, the Dow traded down 0.76% to 24447.56 while the NASDAQ rose 0.06% to 8919.90. The S&P also fell, dropping 0.60% to 2,922.01.
The U.S. is the new epicenter of the coronavirus pandemic with the highest number of cases and deaths around the world. U.S. reported a total of 1,040,480 coronavirus cases with around 60,990 deaths. Spain confirmed a total of over 236,890 coronavirus cases with 24,270 deaths, while Italy reported a total of at least 203,590 confirmed cases and 27,680 deaths. In total, there were at least 3,207,240 cases of COVID-19 worldwide with over 227,970 deaths, according to data compiled by Johns Hopkins University.
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!
Leading and Lagging Sectors
Consumer discretionary shares climbed 0.4% on Thursday. Meanwhile, top gainers in the sector included OneSpaWorld Holdings Limited (NASDAQ:OSW), up 22%, and 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS), up 12%.
In trading on Thursday, real estate shares fell 2%.
Top Headline
Twitter Inc (NYSE:TWTR) reported stronger-than-expected results for its first quarter.
Twitter reported quarterly earnings of $0.11 per share, beating analysts’ estimates of $0.10 per share. The company’s sales came in at $807.64 million, exceeding the consensus view of $775.96 million.
Twitter’s average monetizable daily active users climbed to 166 million during the first quarter, up from 134 million in the year-ago period.
Equities Trading UP
AgEagle Aerial Systems, Inc. (NASDAQ:UAVS) shares shot up 103% to $4.66 after jumping 160% on Wednesday.
Shares of Matador Resources Company (NYSE:MTDR) got a boost, shooting 32% to $8.88 after the company reported upbeat quarterly earnings.
LMP Automotive Holdings, Inc. (NASDAQ:LMPX) shares were also up, gaining 29% to $6.04.
Equities Trading DOWN
Chesapeake Energy Corporation (NYSE:CHK) shares tumbled 37% to $16.87 after a report emerged that the company is preparing a bankruptcy filing, citing people familiar with the matter. Chesapeake Energy has held discussions with creditors about a possible loan that would aid operations while it goes through bankruptcy proceedings, Reuters reported on Wednesday afternoon.
Shares of Verona Pharma plc (NASDAQ:VRNA) were down 25% to $4.43 after the company reported financial results for the three months ended March 31, 2020, and issued a corporate update.
Want Private Access to Benzinga Analyst?
Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.
Zovio Inc (NASDAQ:ZVO) was down, falling 21% to $1.6217 after the company reported Q1 results.
Commodities
In commodity news, oil traded up 16% to $17.47, while gold traded up 1% to $1,729.70.
Silver traded up 2.7% Thursday to $15.73, while copper rose 0.1% to $2.3735.
Euro zone
European shares were lower today. The eurozone’s STOXX 600 slipped 0.2%, the Spanish Ibex Index fell 0.2%, while Italy’s FTSE MIB Index declined 0.6%. Meanwhile, the German DAX dropped 0.2%, and the French CAC 40 slipped 0.1% while UK shares fell 1%.
Economics
U.S. jobless claims climbed 3.8 million for the latest week, versus 4.442 million in the earlier week. However, analysts were expecting a reading of 3.5 million.
The employment cost index rose 0.8% for the first quarter.
U.S. consumer spending dropped 7.5% for March, versus analysts’ expectations for a 5% decline. Personal income declined 2.0% in March.
The Chicago PMI fell by 12.4 points to a reading of 35.4 in April.
The Energy Information Administration’s weekly report on natural gas stocks in underground storage is scheduled for release at 10:30 a.m. ET.
The Treasury is set to auction 4-and 8-week bills at 11:30 a.m. ET.
Data on farm prices for March will be released at 3:00 p.m. ET.
Data on money supply for the recent week will be released at 4:30 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.