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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 Wednesday, the Dow traded up 0.30% to 36,508.19 while the NASDAQ rose 0.09% to 15,796.27. The S&P also rose, gaining 0.25% to 4,798.34.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 54,148,540 cases with around 842,160 deaths. India confirmed a total of at least 34,808,880 cases and 480,590 deaths, while Brazil reported over 22,254,700 COVID-19 cases with 618,720 deaths. In total, there were at least 283,309,330 cases of COVID-19 worldwide with more than 5,433,640 deaths.
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Leading and Lagging Sectors
Information technology shares climbed 0.4% on Wednesday. Meanwhile, top gainers in the sector included Calix, Inc. (NYSE:CALX), up 14% and Western Digital Corporation (NASDAQ:WDC) up 7%.
In trading on Wednesday, energy shares fell 0.6%.
Top Headline
The US goods trade deficit increased to an all-time high of $97.78 billion in November from a revised gap of $83.2 billion in the prior month, according to the advance estimate. Imports surged 4.7% to $252.43 billion, while exports fell 2.1% to $154.66 billion.
Equities Trading UP
Insignia Systems, Inc. (NASDAQ:ISIG) shares shot up 46% to $27.79. Insignia Systems shares climbed around 65% on Tuesday as traders circulated a social media post on a potential short squeeze.
Shares of Pop Culture Group Co., Ltd (NASDAQ:CPOP) got a boost, shooting 23% to $2.84 after gaining more than 35% on Tuesday.
Takung Art Co., Ltd. (NASDAQ:TKAT) shares were also up, gaining 19% to $4.5198.
Check out these big movers of the day
Equities Trading DOWN
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Medallion Financial Corp. (NASDAQ:MFIN) shares tumbled 51% to $4.14 after the U.S. Securities and Exchange Commission charged the company and its chief operating officer with fraud.
Shares of Applied UV, Inc. (NASDAQ:AUVI) were down 29% to $2.53 after the company announced pricing of an $8 million underwritten public offering.
FuelCell Energy, Inc. (NASDAQ:FCEL) was down, falling 15% to $4.98 after the company reported worse-than-expected Q4 results.
Commodities
In commodity news, oil traded down 0.6% to $75.53, while gold traded down 0.8% to $1,795.60.
Silver traded down 1% Wednesday to $22.89 while copper fell 1% to $4.3880.
Euro zone
European shares were mostly lower today. The eurozone’s STOXX 600 gained 0.1%, the Spanish Ibex Index fell 0.4% and the German DAX 40 dropped 0.4%. Meanwhile, the FTSE 100 gained 1%, while French CAC 40 slipped 0.1% and Italy’s FTSE MIB fell 0.6%.
Economics
The US goods trade deficit increased to an all-time high of $97.78 billion in November from a revised gap of $83.2 billion in the prior month, according to the advance estimate. Imports surged 4.7% to $252.43 billion, while exports fell 2.1% to $154.66 billion.
Wholesale inventories rose 1.2% to $769.9 billion in November.
The pending home sales index dropped 2.2% for November.
The Energy Information Administration’s weekly report on petroleum inventories in the U.S. is scheduled for release at 10:30 a.m. ET.
The Treasury will auction 7-year notes 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.