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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 Monday, the Dow traded down 0.05 percent to 20,930.92 while the NASDAQ climbed 0.35 percent to 6,068.94. The S&P also rose, gaining 0.10 percent to 2,386.68.
Leading and Lagging Sectors
Technology sector was the top gainer in the US market on Monday. Top gainers in the sector included Ultra Clean Holdings Inc (NASDAQ:UCTT), Pixelworks, Inc. (NASDAQ:PXLW), and FormFactor, Inc. (NASDAQ:FORM).
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In trading on Monday, utilities shares were relative laggards, down on the day by about 0.43 percent. Meanwhile, top losers in the sector included PG&E Corporation (NYSE:PCG), down 1.5 percent, and CMS Energy Corporation (NYSE:CMS), down 1 percent.
Top Headline
DISH Network Corp (NASDAQ:DISH) reported stronger-than-expected earnings for its first quarter, but revenue missed estimates.
DISH said it earned $0.76 per share in the first quarter on revenue of $3.68 billion; Analysts were expecting the company to earn $0.69 per share on revenue of $3.78 billion.
Equities Trading UP
The Ensign Group, Inc. (NASDAQ:ENSG) shares shot up 15 percent to $20.60 after the company reported strong results for its first quarter.
Shares of Medical Transcription Billing Corp (NASDAQ:MTBC) got a boost, shooting up 26 percent to $1.72. Medical Transcription Billing disclosed that it has developed Health Information Exchange interfaces between its clinical platforms and leading hospitals.
Costamare Inc (NASDAQ:CMRE) shares were also up, gaining 7 percent to $7.23. Credit Suisse upgraded Costamare from Underperform to Neutral.
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Equities Trading DOWN
First NBC Bank Holding Company (NASDAQ:FNBC) shares dropped 91 percent to $0.250. First NBC Bank was closed by the Louisiana Office of Financial Institutions.
Shares of AEterna Zentaris Inc. (USA) (NASDAQ:AEZS) were down around 60 percent to $1.33 after the company disclosed that its Phase 3 Zoptec study did not achieve primary endpoint.
ITI Inc (NASDAQ:ITCI) was down, falling around 38 percent to $8.55 after the company issued a corporate update on its schizophrenia program.
Commodities
In commodity news, oil traded down 0.73 percent to $48.97 while gold traded down 0.20 percent to $1,265.70.
Silver traded down 0.45 percent Monday to $17.185, while copper rose 0.13 percent to $2.611.
Economics
U.S. consumer spending was flat for March, versus economists’ expectations for a 0.2 percent growth. Personal income rose 0.2 percent in March, versus estimates for a 0.3 percent gain.
The Markit manufacturing PMI came in unchanged at 52.80 for April. Economists expected a reading of 52.80.
U.S. construction spending declined 0.2 percent for March, versus economists’ expectations for a 0.4 percent gain.
The ISM manufacturing index dropped to 54.80 in April, versus a prior reading of 57.20. However, economists were expecting a reading of 56.50.
The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
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.