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Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin have experienced a significant decline due to concerns over higher interest rates potentially pushing the economy into a recession. The U.S. dollar continues to strengthen, intensifying risk aversion sentiments. The trial against former FTX CEO Sam Bankman-Fried has begun, following the company's controversial collapse last year. U.S. regulators have opposed Coinbase Inc.’s plea to dismiss the securities law violation it is accused of. Stocks also experienced a significant decline on Tuesday, triggered by a surge in Treasury yields.

Portfolio Pulse from Mehab Qureshi

October 04, 2023 | 2:26 am

BVN

Buenaventura has announced a temporary suspension of mining activities at Colquijirca's Tajo Norte mine for up to three years. The company has submitted a notice to the Peruvian Ministry of Energy and Mines (MINEM). Regular mining operations will continue at the Marcapunta underground mine.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 10:03 pm

ISRG

Intuitive Surgical (NASDAQ:ISRG) has outperformed the market over the past 15 years by 8.75% on an annualized basis, producing an average annual return of 19.01%. If an investor had bought $100 of ISRG stock 15 years ago, it would be worth $1,406.90 today.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 9:30 pm

DHR

Danaher (NYSE:DHR) has outperformed the market over the past 10 years, producing an average annual return of 16.91%. If an investor had bought $100 of DHR stock 10 years ago, it would be worth $473.14 today.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 9:30 pm

BTCUSD

ETHUSD

Jamil Nazarali, CEO of EDX Markets, believes that Bitcoin (BTC) has the potential to become a global reserve asset due to its finite supply and growing belief in its value. He also expressed optimism about Ethereum (ETH). However, he expressed skepticism about decentralized finance (DeFi), citing challenges in implementing anti-money laundering controls. Nazarali also stressed the importance of clear regulatory frameworks for the crypto industry.

Portfolio Pulse from Murtuza Merchant

October 03, 2023 | 9:09 pm

LHX

L3Harris Technologies (NYSE:LHX) has outperformed the market over the past 10 years by 1.5% on an annualized basis, producing an average annual return of 11.31%. If an investor had bought $100 of LHX stock 10 years ago, it would be worth $289.52 today.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 9:00 pm

MCK

Over the past 10 years, McKesson (NYSE:MCK) has outperformed the market by 2.81% on an annualized basis, producing an average annual return of 12.61%. If an investor had bought $100 of MCK stock 10 years ago, it would be worth $338.26 today.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 9:00 pm

COIN

The trial of Sam Bankman-Fried, founder of the collapsed crypto exchange FTX, has begun. He is accused of a multi-billion dollar cryptocurrency fraud. The trial's outcome could shape crypto regulation for years to come. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission are both vying for oversight of the crypto market. The SEC has begun operating under the definition that all forms of digital assets are securities. This has led to a crackdown on major crypto exchanges and companies, including Binance and Coinbase Global Inc (NASDAQ:COIN).

Portfolio Pulse from Natan Ponieman

October 03, 2023 | 8:54 pm

AAPL

AMZN

DIA

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

A widespread sell-off in the U.S. stock market was triggered by a surge in Treasury yields, with the 30-year yield reaching 4.95% and the 10-year yield climbing above 4.80%. This resulted in the highest levels for these rates in over 16 years. The CBOE Volatility Index (VIX) surged by 15%, reflecting increased market anxiety. Major stock indices and tech giants, including Apple, Microsoft, Alphabet, Amazon, Meta Platforms, NVIDIA, and Tesla, all experienced declines. The S&P 500 Index is nearing its 200-day moving average, a critical technical test that could indicate a change in trend.

Portfolio Pulse from Piero Cingari

October 03, 2023 | 8:52 pm

USO

The American Petroleum Institute (API) reported a weekly crude oil stock draw of 4.210 million barrels, significantly higher than the estimated 92,000 barrel draw.

Portfolio Pulse from Bill Haddad

October 03, 2023 | 8:35 pm