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.
U.S. stocks traded mixed midway through trading, with the Dow Jones gaining more than 200 points on Tuesday.
The Dow traded up 0.71% to 34,154.30 while the NASDAQ fell 0.21% to 13,101.14. The S&P also rose, gaining, 0.20% to 4,305.85.
Also check this: Dow Jumps Over 150 points But Market Volatility Increases
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 staples shares climbed 1.2% on Tuesday. Meanwhile, top gainers in the sector included Veru Inc. (NASDAQ:VERU), up 20% and Blue Apron Holdings, Inc. (NYSE:APRN) up 19%.
In trading on Tuesday, information technology shares fell by 0.3%.
Top Headline
Walmart Inc. (NYSE:WMT) reported upbeat results for its second quarter on Tuesday.
Walmart reported adjusted EPS of $1.77 on revenues of $152.86 billion, which beat the consensus estimate of $1.62 and revenues of $150.75 billion.
Equities Trading UP
Artelo Biosciences, Inc. (NASDAQ:ARTL) shares shot up 42% to $6.21 as the company reported pre-clinical results with its novel inhibitor to fatty acid binding protein 5.
Shares of GreenBox POS (NASDAQ:GBOX) got a boost, shooting 91% to $2.42 as the company reported better-than-expected Q2 sales
SkyWater Technology, Inc. (NASDAQ:SKYT) shares were also up, gaining 44% to $20.46 after the company reported better-than-expected Q2 sales results.
Equities Trading DOWN
Hallmark Financial Services, Inc. (NASDAQ:HALL) shares tumbled 37% to $1.57 after the company reported a wider Q2 loss.
Shares of Save Foods, Inc. (NASDAQ:SVFD) were down 36% to $3.0450 after the company priced a 1.6 million share common stock offering at $3 per share.
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
Polished.com Inc. (NYSE:POL) was down, falling 35% to $0.9850. Polished.com said it sees preliminary Q2 sales of $145 million to $150 million, versus analysts’ estimates of $156.15 million.
Also check out: AppLovin, Unity Software And Some Other Big Losers From Monday
Commodities
In commodity news, oil traded down 3% to $86.77, while gold traded down 0.5% to $1,789.70.
Silver traded down 0.9% to $20.09 on Tuesday while copper fell 0.2% to $3.6095.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 gained 0.23%, London’s FTSE 100 rose 0.46% while Spain’s IBEX 35 Index surged 0.99%. The German DAX gained 0.69%, French CAC 40 rose 0.42% and Italy’s FTSE MIB Index gained 0.15%.
The Eurozone recorded a trade deficit of EUR 24.6 billion in June, versus a year-ago surplus of EUR 17.3 billion, while the ZEW Indicator of Economic Sentiment for the Eurozone fell to -54.9 in August versus -51.1 a month ago.
The unemployment rate in the UK came in unchanged at 3.8% in the second quarter, while average weekly earnings including bonuses rose by 5.1% year-over-year to GBP 611 in the three months to June. The ZEW Indicator of Economic Sentiment for Germany declined to -55.3 in August from -53.8 in the previous month.
Economics
Housing starts dipped 9.6% month-over-month to an annualized rate of 1.446 million units in July, recording the lowest since February 2021. Building permits dropped 1.3% to an annualized rate of 1.674 million in July, recording the lowest level since September 2021.
Industrial production in the US increased 0.6% from a month ago in July, topping market estimates of a 0.3% rise.
COVID-19 Update
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 94,788,020 cases with around 1,062,770 deaths. India confirmed a total of at least 44,277,190 cases and 527,090 deaths, while France reported over 34,234,000 COVID-19 cases with 153,120 deaths. In total, there were at least 596,238,390 cases of COVID-19 worldwide with more than 6,457,060 deaths.
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.