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 Monday, the Dow traded down 0.10 percent to 16,970.55 while the NASDAQ declined 0.86 percent to 4,528.40. The S&P also fell, dropping 0.28 percent to 1,980.06.
Leading and Lagging Sectors
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!
Non-cyclical consumer goods & services shares rose 0.51 percent in trading on Monday. Top gainers in the sector included Molson Coors Brewing Company (NYSE: TAP), up 6.7 percent, and Anheuser-Busch InBev SA/NV (NYSE: BUD), up 3.3 percent.
In trading on Monday, energy shares were relative laggards, down on the day by about 0.57 percent. Meanwhile, top decliners in the sector included Parker Drilling Co (NYSE: PKD), down 5.1 percent, and China Petroleum & Chemical (NYSE: SNP), off 5.6 percent.
Top Headline
Cognizant Technology Solutions (NASDAQ: CTSH) announced its plans to buy TriZetto for $2.7 billion in cash.
The deal is expected to close in the fourth quarter and immediately add to Cognizant's adjusted earnings.
Equities Trading UP
Avanir Pharmaceuticals (NASDAQ: AVNR) shares shot up 57.27 percent to $10.60 after the company reported positive Phase II trial results for AVP-923 in treatment of agitation in patients with Alzheimer's disease.
Shares of Alere (NYSE: ALR) got a boost, shooting up 14.04 percent to $41.75 following the proposed $46 per share offer from Ron Zwanziger.
Molson Coors Brewing Company (NYSE: TAP) shares were also up, gaining 6.24 percent to $76.28 on a report that Anheuser-Busch InBev (NYSE: BUD) has funding lined up for SABMiller deal.
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.
Equities Trading DOWN
Shares of Bankrate (NYSE: RATE) were down 12.45 percent to $12.10 after the company named Steven Barnhart as interim Chief Financial Officer and announced the SEC investigation relating to 2012 financial reporting.
NPS Pharmaceuticals (NASDAQ: NPSP) shares tumbled 13.61 percent to $28.25. The FDA has voted 8-5 in favor of NPS Pharmaceuticals' Natpara.
Terex (NYSE: TEX) was down, falling 6.51 percent to $32.44 after the company lowered its 2014 earnings forecast.
Commodities
In commodity news, oil traded down 0.91 percent to $91.43, while gold traded up 0.25 percent to $1,234.60.
Silver traded down 0.01 percent Monday to $18.61, while copper fell 0.80 percent to $3.08.
Euro zone
European shares were mostly lower today. The eurozone’s STOXX 600 rose 0.02 percent, the Spanish Ibex Index declined 0.35 percent, while Italy’s FTSE MIB Index slipped 0.98 percent. Meanwhile, the German DAX rose 0.12 percent and the French CAC 40 fell 0.22 percent while UK shares dropped 0.01 percent.
Economics
The Empire State manufacturing index surged to 27.54 in September, versus a prior reading of 14.69. However, economists were expecting a reading of 15.95.
US industrial production fell 0.10% in August, versus economists’ expectations for a 0.30% growth.
The Treasury is set to auction 3-and 6-month bills.
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.