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 Tuesday, the Dow traded up 0.14% to 34,017.77 while the NASDAQ rose 0.39% to 14,771.47. The S&P also rose, gaining 0.18% to 4,365.67.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 42,289,820 cases with around 676,090 deaths. India confirmed a total of at least 33,504,530 cases and 445,380 deaths, while Brazil reported over 21,247,660 COVID-19 cases with 590,950 deaths. In total, there were at least 229,132,900 cases of COVID-19 worldwide with more than 4,701,330 deaths, according to data compiled by Johns Hopkins University.
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Leading and Lagging Sectors
Real estate shares rose 0.5% on Tuesday. Meanwhile, top gainers in the sector included AMREP Corporation (NYSE:AXR), up 3% and Xinyuan Real Estate Co., Ltd. (NYSE:XIN) up 3%.
In trading on Tuesday, industrials shares fell 0.6%.
Top Headline
AutoZone, Inc. (NYSE:AZO) reported better-than-expected results for its fourth quarter on Tuesday.
AutoZone reported quarterly earnings of $35.72 per share, beating analysts’ expectations of $29.87 per share. The company’s quarterly sales came in at 4.90 billion, exceeding estimates of $4.56 billion.
Equities Trading UP
Helbiz, Inc. (NASDAQ:HLBZ) shares shot up 162% to $37.62. Helbiz Media, the media arm of Helbiz announced a deal with Amazon Italy, a unit of Amazon.com.
Shares of Spire Global, Inc. (NASDAQ:SPIR) got a boost, shooting 31% to $16.97. Spire Global recently announced plans to acquire exactEarth for $161.2 million.
Inotiv, Inc. (NASDAQ:NOTV) shares were also up, gaining 22% to $45.08 after the company announced plans to purchase Envigo.
Check out these big movers of the day
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Equities Trading DOWN
Edesa Biotech, Inc. (NASDAQ:EDSA) shares tumbled 20% to $9.48 on profit-taking after the stock rallied over 100% yesterday.
Shares of Verrica Pharmaceuticals Inc. (NASDAQ:VRCA) were down 18% to $9.91 after the company announced the FDA issued a Complete Response Letter regarding its New Drug Application for VP-102 for the treatment of molluscum contagiosum.
RBC Bearings Incorporated (NASDAQ:ROLL) was down, falling 14% to $185.10 after the company announced a common stock offering of 3 million shares and $400 million in aggregate liquidation preference of series A mandatory convertible preferred stock.
Commodities
In commodity news, oil traded up 1.5% to $71.31, while gold traded up 0.2% to $1,767.50.
Silver traded up 1.5% Tuesday to $22.525 while copper rose 1.2% to $4.1625.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 rose 1.1%, the Spanish Ibex Index rose 1% and the German DAX 30 gained 1.4%. Meanwhile, the London’s FTSE 100 rose 1.1%, French CAC 40 jumped 1.4% and Italy’s FTSE MIB climbed 1.1%.
Public sector net borrowing in the UK fell to GBP 20.5 billion in August, GBP 5.5 billion less than a year ago.
Economics
The Federal Open Market Committee will begin its two-day policy meeting today.
Housing starts rose 3.9% to an annual rate of 1.615 million units in August, while building permits increased 6.0% to 1.728 million.
The current account gap increased to $190 billion in the second quarter from a revised $89 billion gap in the previous period.
The Treasury is set to auction 20-year bonds at 1:00 p.m. ET.
Check out the full economic calendar here
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.