New Era Energy & Digital is trading 5.83% up at $5.54, as technology shares strengthen after July CPI showed inflation at 3.4% annually and reduced interest-rate hike expectations.
- The company is outperforming the broader market; the Nasdaq is up 0.63%.
- Bitcoin is down 0.32% and Ethereum is up 0.58%, so cryptocurrency performance is not driving the move.
- Investors are positioning ahead of the companyβs August 14 Q2 results release.