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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.
Following the market opening Friday, the Dow traded up 0.23% to 28489.88 while the NASDAQ rose 0.75% to 11506.40. The S&P also rose, gaining 0.45% to 3462.25.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 7,607,950 cases with around 212,780 deaths. India confirmed a total of at least 6,906,150 confirmed cases and 106,490 deaths, while Brazil reported over 5,028,440 COVID-19 cases with 148,950 deaths. In total, there were at least 36,574,080 cases of COVID-19 worldwide with over 1,062,650 deaths, according to data compiled by Johns Hopkins University.
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Leading and Lagging Sectors
Information technology shares jumped 0.9% on Friday. Meanwhile, top gainers in the sector included MicroVision, Inc. (NASDAQ:MVIS), up 25%, and Extreme Networks, Inc. (NASDAQ:EXTR), up 17%.
In trading on Friday, energy shares fell 0.7%.
Top Headline
Advanced Micro Devices Inc (NASDAQ:AMD) is in late-stage discussions to acquire Xilinx Inc (NASDAQ:XLNX), and a deal could be finalized as soon as next week, according to the Wall Street Journal.
The Xilinx acquisition is estimated close to $30 billion, a record valuation in the semiconductor industry.
Equities Trading UP
VivoPower International PLC (NASDAQ:VVPR) shares shot up 61% to $16.18 after the company announced its executives signed a definitive agreement to acquire 51% of a light electric vehicle company called Tembo e-LV.
Shares of MicroVision, Inc. (NASDAQ:MVIS) got a boost, shooting 26% to $2.82 following a Seeking Alpha article suggesting 'MicroVision LiDAR Is Worth $2 Billion According To Valuation Of Velodyne And Luminar LiDAR By Ford, Baidu, Hyundai, Volvo.'
Just Energy Group Inc. (NYSE:JE) shares were also up, gaining 25% to $7.00 after gaining over 5% on Thursday.
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Equities Trading DOWN
ShiftPixy, Inc. (NASDAQ:PIXY) shares tumbled 24% to $2.7452 after the company announced the pricing of a 4 million share public offering at $3 per share.
Shares of Houston American Energy Corp. (NYSE:HUSA) were down 17% to $1.95. Houston American Energy, last month, announced the Frost #2-H frac has been completed and will go into production within a week..
AgeX Therapeutics, Inc. (NYSE:AGE) was down, falling 12% to $2.1805. AgeX Therapeutics shares climbed 194% on Thursday following an amended 13D filing showing Juvenescence Limited has a 50% stake in the company.
Commodities
In commodity news, oil traded down 0.7% to $40.89, while gold traded up 1.7% to $1,927.10.
Silver traded up 3.3% Friday to $24.670 while copper rose 1.7% to $3.0945.
Euro zone
European shares were mostly higher today. The eurozone’s STOXX 600 gained 0.5%, the Spanish Ibex Index fell 0.2%, while Italy’s FTSE MIB Index rose 0.2%. Meanwhile, the German DAX 30 gained 0.2%, French CAC 40 climbed 0.7% and London’s FTSE 100 gained 1%.
Britain's economy expanded for the fourth consecutive month, rising by 2.1% in August. However, the country’s industrial production rose 0.3% in August, versus a 5.2% surge in July.
Economics
US wholesale inventories rose 0.4% for August.
The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 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.