Late pullback sends stocks lower 📉

Major U.S. indexes closed the day lower despite running in the green for most of the trading session.                                                                                                                                                                                                                                                                                                                                                                                                                 March 26, 2024 | [Read Online]( Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Here’s what moved the market today. Markets 📈 Choppy trading conditions continued on Tuesday. U.S. indexes ended the day close to flat, but many closed the session in the red. - DJIA [<0.1%] - S&P 500 [-0.2%] - Nasdaq [-0.4%] - Russell 2K [-0.1%] [Unlock 3 Weekly Trades with Massive Gain Potential!]( (Ad) Exclusive: A hidden banking algorithm has been pinpointing trades with the potential to double or even triple your investment weekly! Don't miss out on the next big surge. Limited spots open for investors eager to transform their portfolio. Act now to get in on these high-potential trades - before it's too late! [Click to reveal the secret to explosive weekly gains.]( » Want an Ad-Free Experience + Top Growth Stock Picks? [Upgrade Now!]( Market-Moving News 🔎 🚢 Maryland Muni’s Hold Steady After Bridge Collapse Despite the dramatic overnight collapse of the Francis Scott Key Bridge, the bond market for Maryland's Transportation Authority, the financial backbone behind the bridge, showed resilience on Tuesday. The authority's diverse revenue streams, notably from Baltimore Harbor Tunnel and Fort McHenry Tunnel tolls, play a key role in this stability. Moody’s Insight 📊 Moody's pointed out that the bridge, while significant, contributed to only about 7% of the authority's $755 million toll revenue in 2023. Thus, the impact on credit is expected to be negative but manageable, supported by the authority's strong investment grade ratings. Bondholder Safeguards 🔐 Bloomberg Intelligence highlights a key bondholder protection: the authority's commitment to adjust fees and tolls as necessary to maintain a revenue cushion of at least 120% over debt service obligations. This mechanism proved its worth during the early stages of the COVID-19 pandemic. Market Mechanics 🔄 Municipal bond price movements tend to lag due to infrequent trading, underscoring the market's initial calm response to the bridge's failure. Analysts underscore the authority's broad revenue base as a significant factor in mitigating risk to bond investors. Cautionary Optimism 📈 While the immediate market response has been steady, experts like Matt Fabian of Municipal Market Analytics advise caution, noting the situation's evolving nature. The diverse income sources reassure stakeholders, yet the full financial implications remain to be seen in the aftermath of the collapse. Top Winners and Losers 🔥 Mesoblast Ltd [MESO] $3.93 (+78.6%) said a Phase 3 study of MSB-GVHD001 supports submission of a Biologics License Application for remestemcel-L for pediatric patients with steroid-refractory acute graft versus host disease, or SR-aGVHD. Krispy Kreme [DNUT] $17.35 (+58.3%) landed a deal to sell its donuts at McDonald’s [MCD +0.0%] restaurants throughout the United States. Stoke Therapeutics [STOK] $10.29 (+58.3%) published new clinical data supporting STK-001 as a treatment for Dravet Syndrome. GDS Holding [GDS] $6.15 (26.5%) disclosed a $587 million equity raise alongside its fiscal Q4 financial results published early today. Cardlytics [CDLX] $13.60 (32.8%) proposed a $150 million offering of convertible senior notes via a private offering to qualified institutional buyers. Flyexclusive [FLYX] $4.41 (33.8%) continued to slide, extending its recent sell-off. Shares are down 74.0% over the past five days, despite no company-specific news to explain the sudden move. That's it for today! Please, write us back, and let us know what you think of the Closing Bell Roundup. We're always eager to hear feedback from our members! Thanks for reading. I'll see you at the next open! Best Regards, — Adam G. Elite Trade Club Text ELITESTOCKS to 47121 or [click here]( to get our alerts on your mobile device, and never miss another fast-moving stock! P.S. Just like this newsletter, it's 100% free*, and you can stop at any time by replying STOP. 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