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Market Overview

Mid-Morning Market Update: Markets Mixed; Bitcoin Hits Record High


Following the market opening Tuesday, the Dow traded down 0.22% to 31,315.84 while the NASDAQ rose 0.30% to 14,029.27. The S&P also fell, dropping 0.08% to 3,912.61.

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 27,097,880 cases with around 465,080 deaths. India confirmed a total of at least 10,847,300 confirmed cases and 155,150 deaths, while Brazil reported over 9,524,640 COVID-19 cases with 231,530 deaths. In total, there were at least 106,548,020 cases of COVID-19 worldwide with over 2,327,480 deaths, according to data compiled by Johns Hopkins University.

Leading and Lagging Sectors

Communication services shares rose 0.5% on Tuesday. Meanwhile, top gainers in the sector included América Móvil, S.A.B. de C.V. (NYSE: AMOV), up 2%, and América Móvil, S.A.B. de C.V. (NYSE: AMX), up 1%.

In trading on Tuesday, energy shares fell by 1.6%.

Top Headline

Bitcoin (BTC) surpassed the $46,000 mark minutes after it broke $45,000.

The leading cryptocurrency has had a record-breaking day, surpassing the $44,000 levels earlier today, rising to $45,000 and then to $46,000 in a matter of minutes, according to a data platform CoinMarketCap (CMC).

The current BTC price spike follows the news about Tesla buying $1.5 billion worth of bitcoin, according to its SEC filing.


Equities Trading UP

Applied UV, Inc. (NASDAQ: AUVI) shares shot up 263% to $18.81. The company earlier announced closing on acquisition of Akida Holdings for 1.375 million shares and $901,274.96 in cash.

Shares of Comstock Holding Companies, Inc. (NASDAQ: CHCI) got a boost, shooting 187% to $12.11 after climbing over 18% on Monday.

KalVista Pharmaceuticals, Inc. (NASDAQ: KALV) shares were also up, gaining 180% to $43.71 as the company announced positive topline data from a Phase 2 clinical trial demonstrating statistically and clinically significant efficacy of KVD900 as an oral on-demand treatment for hereditary angioedema attacks.

Check out these big movers of the day

Equities Trading DOWN

Big Rock Partners Acquisition Corp. (NASDAQ: BRPA) shares tumbled 32% to $40.06. NeuroRx and Relief Therapeutics Holdings reported preliminary results from the Phase 2b/3 trial of ZYESAMI™ in patients with respiratory failure due to Critical COVID-19. NeuroRx recently announced a plan to merge with Big Rock Partners Acquisition Corp.

Shares of Aeterna Zentaris Inc. (NASDAQ: AEZS) were down 26% to $2.4597 after climbing over 200%on Monday. Aeterna Zentaris, last week, announced it entered into an exclusive option agreement to evaluate a preclinical potential COVID-19 vaccine developed at the Julius-Maximilians-University Wuerzburg.

Ekso Bionics Holdings, Inc. (NASDAQ: EKSO) was down, falling 25% to $9.81 after the company increased the size of the previously announced public offering to 3.9 million common shares at $10.25 per share, raising around $40 million in gross proceeds from the previous offer of 975,610 shares for $10 million.


In commodity news, oil traded down 0.2% to $57.83, while gold traded up 0.6% to $1,845.00.

Silver traded up 0.7% Tuesday to $27.76 while copper rose 0.9% to $3.6975.

Euro zone

European shares were lower today. The eurozone’s STOXX 600 fell 0.3%, the Spanish Ibex Index fell 0.9% and the German DAX 30 dropped 0.5%. Meanwhile, the French CAC 40 slipped 0.1%, London’s FTSE 100 fell 0.1% and Italy’s FTSE MIB fell 0.4%.

Germany’s trade surplus slipped to €14.8 billion in December from €15.1 billion a year ago, while current account surplus increased to EUR 28.2 billion from EUR 25.3 billion.


The NFIB small business optimism index declined to 95 in January from 95.9 in December.

The Johnson Redbook Retail Sales Index fell 2.5% during the first week of February versus January.

The number of job openings increased by 74,000 from the earlier month to 6.646 million in December, the Labor Department reported.

Federal Reserve Bank of St. Louis President James Bullard will speak at 12:00 p.m. ET.

The Treasury is set to auction 3-year notes at 1:00 p.m. ET.

Check out the full economic calendar here


Related Articles (AEZS + AMOV)

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