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.
Midway through trading Wednesday, the Dow traded down 0.66% to 29,848.06 while the NASDAQ rose 0.26% to 12,068.05. The S&P also fell, dropping 0.28% to 3,625.38.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 12,597,500 cases with around 259,970 deaths. India confirmed a total of at least 9,222,210 confirmed cases and 134,690 deaths, while Brazil reported over 6,118,700 COVID-19 cases with 170,110 deaths. In total, there were at least 59,850,910 cases of COVID-19 worldwide with over 1,411,210 deaths, according to data compiled by Johns Hopkins University.
Leading and Lagging Sectors
Consumer discretionary shares rose 0.3% on Wednesday. Meanwhile, top gainers in the sector included Tuniu Corporation (NASDAQ:TOUR), up 33%, and Jumia Technologies AG - ADR (NYSE:JMIA), up 20%.
In trading on Wednesday, energy shares fell 2%.
Top Headline
Deere & Company (NYSE:DE) reported stronger-than-expected results for its fourth quarter.
Deere posted quarterly earnings of $2.39 per share, surpassing analysts’ estimates of $1.49 per share. The company reported sales of $9.73 billion, exceeding expectations of $8.6
billion.
Deere said it sees FY21 net income of $3.6 billion to $4.0 billion.
Equities Trading UP
AnPac Bio-Medical Science Co., Ltd. (NASDAQ:ANPC) shares shot up 102% to $7.06 after the company issued strong sales forecast for FY20.
Shares of Newborn Acquisition Corp. (NASDAQ:NBAC) got a boost, shooting 44% to $17.22 after gaining around 8%on Tuesday.
Tuniu Corporation (NASDAQ:TOUR) shares were also up, gaining 34% to $3.7989 after jumping 21% on Tuesday. The company is set to report Q3 earnings on December 1.
Equities Trading DOWN
The Gap, Inc. (NYSE:GPS) shares tumbled 19% to $21.80 after the comonay reported downbeat quarterly earnings.
Shares of Hepion Pharmaceuticals, Inc. (NASDAQ:HEPA) were down 27% to $1.59 after the company priced 20 million share public offering at $1.50 per share.
ECMOHO Limited (NASDAQ:MOHO) was down, falling 22% to $2.8023 after gaining around 151% on Tuesday.
Commodities
In commodity news, oil traded up 1.5% to $45.59, while gold traded up 0.3% to $1,809.20.
Silver traded up 0.5% Wednesday to $23.405 while copper rose 0.2% to $3.3070.
Euro zone
European shares were mixed today. The eurozone’s STOXX 600 fell 0.08%, the Spanish Ibex Index rose 0.26%, while Italy’s FTSE MIB Index rose 0.72%. Meanwhile, the German DAX 30 declined 0.02%, French CAC 40 rose 0.23% and London’s FTSE 100 fell 0.64%.
Producer prices in Spain fell 4.1% year-over-year in October versus a 3.3% decline in the prior month.
Economics
US durable goods orders rose 1.3% month-over-month in October.
The US economy expanded by an annualized rate of 33.1% in the third quarter.
The US goods trade deficit increased to $80.29 billion in October from $79.36 billion in the earlier month.
US initial jobless claims rose 778,000 in the week ended November 21, versus a revised level of 748,000 in the previous week.
Wholesale inventories rose 0.9% in October.
The Baker Hughes North American rig count report for the recent week will be released at 1:00 p.m. ET.
The Federal Open Market Committee will issue minutes of its latest meeting at 2:00 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.
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