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.
The S&P 500 closed higher on Friday amid optimism about debt ceiling.
The Dow Jones ended a five-session losing streak, while the S&P 500 settled at its strongest level since Aug. 2022.
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!
The Philadelphia Semiconductor Index added around 6.3% on Friday. Marvell Technology, Inc. (NASDAQ:MRVL) shares jumped over 32% on Friday after the company reported strong Q1 results and said it expects AI revenue to at least double in 2024.
On the economic data front, the personal consumption expenditure price index in the U.S. rose 0.4% month-over-month in April versus a 0.1% growth in March. Personal spending in the U.S. rose 0.8% month-over-month in April, while personal income increased by 0.4%.
Majority of the sectors on S&P 500 closed on a positive note, with information technology and consumer discretionary stocks recording the biggest gains on Friday. However, energy and health care stocks closed lower during the session.
The Nasdaq 100 jumped 2.58% to close at 14,298.41 on Friday, amid gains in shares of Amazon.com, Inc. (NASDAQ:AMZN) and Apple Inc (NASDAQ:AAPL).
The S&P 500 rose 1.30%, while the Dow Jones rose 1% to 33,093.34 in the previous session. For the week, the S&P 500 added 0.3%, while the Dow lost 1.0%.
The Chicago Board Options Exchange's CBOE Volatility Index (VIX) fell 6.2% to close at 17.95 on Friday.
What is CBOE Volatility Index?
The CBOE Volatility Index, popularly known as VIX, is a measure of the equity market's expectation of volatility based on S&P 500 index call and put options.
Read Next: Top 5 Health Care Stocks That Could Blast Off In May
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.