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 Dow fell 0.48 percent to 18,404.41, while the NASDAQ composite index declined 0.16 percent to 5,089.24. The broader Standard & Poor's 500 index slipped 0.28 percent to 2,162.45.
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.
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The worst performing industries in the market today are:
- REIT - Hotel/Motel: This industry slipped 1.8 percent by 11:00 am. The worst stock within the industry was Pebblebrook Hotel Trust (NYSE: PEB), which fell 6.1 percent. Pebblebrook Hotel Trust posted adjusted funds from operations of $0.81 per share for the second quarter.
- Security Software & Services: This industry declined 1.7 percent by 11:00 am with Check Point Software Technologies Ltd. (NASDAQ: CHKP) moving down 6 percent. Check Point posted upbeat Q2 profit.
- Biotechnology: This industry fell 1.6 percent by 11:00 am ET. Tokai Pharmaceuticals Inc (NASDAQ: TKAI) shares dropped 77 percent in today's trading. Tokai Pharmaceuticals reported that it is planning to discontinue the Phase 3 ARMOR3-SV trial of prostate cancer treatment.
- Drug Related Products: The industry dropped 1.5 percent by 11:00 am. The worst performer in this industry was ProPhase Labs Inc (NASDAQ: PRPH), which declined 7 percent. ProPhase Labs shares have climbed 5.33 percent over the past 52 weeks, while the S&P 500 index has gained 4.88 percent in the same period.