Stock slump snaps with sudden rally 📈

The market reversed its slide and rallied back to post gains on Thursday.                                                                                                                                                                                                                                                                                                                                                                                                                 April 11, 2024 | [Read Online]( Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Here’s what moved the market today. Markets 📈 Markets rebounded from early losses to close the session higher. The Nasdaq outperformed while the Dow ended the day close to flat. - DJIA [<0.1%] - S&P 500 [+0.7%] - Nasdaq [+1.6%] - Russell 2K [+0.6%] [Titanium Shortage Threatens Industry Titan]( (Ad) A titan of the aerospace industry announced it would no longer purchase titanium from Russia, a key supplier. With a global shortage of the lightweight "wonder metal" already in play, aerospace-grade titanium has become particularly scarce. Will investors find new opportunity amid this titanium crisis? [Get the ticker & a full briefing HERE »]( » Want an Ad-Free Experience + Top Growth Stock Picks? [Upgrade Now!]( Market-Moving News 🔎 🎢 Mortgage Rates Approach the 7% Mark Mortgage rates are edging closer to 7%, a level that poses significant apprehension among prospective home buyers. This week, the average rate on a standard 30-year fixed mortgage climbed to 6.88%, up from 6.82%, as reported by Freddie Mac. The Mortgage Bankers Association also recorded an average mortgage rate reaching the 7% milestone earlier in the week. Inflation Concerns 💸 Recent unexpectedly high inflation figures have cast doubts on the possibility of the Federal Reserve reducing interest rates in the near future. While mortgage rates do not directly mirror the Fed's rate decisions, they are influenced by the yield on the 10-year Treasury, which experienced its most significant single-day surge in over a year and a half this Wednesday. Market Dynamics 📈 These developments have important implications for the housing market and potential borrowers, marking a crucial moment for individuals navigating the complexities of home financing amid fluctuating economic indicators. Top Winners and Losers 🔥 Rent the Runway [RENT] $19.38 (+161.8%) posted stronger-than-expected revenues on its Q4 earnings report published in Wednesday’s aftermarket. Rallybio [RLYB] $2.98 (+82.8%) announced a collaboration with Johnson & Johnson [JNJ -0.9%] to develop therapeutics for pregnant women at risk of FNAIT. Monogram Ortho [MGRM] $4.07 (+79.3%) has been accepted into NVIDIA’s [NVDA +4.1%] Inception Program and will provide the company with technical resources. Enlivex Therapeutics [ENLV] $1.83 (54.0%) published disappointing top-line clinical data from a Phase II trial evaluating Allocetra in patients with sepsis. Globe Life [GL] $49.17 (53.1%) fell after a report from short seller Fuzzy Panda alleged executives overlooked insurance fraud at the company. Allarity Therapeutics [ALLR] $2.30 (28.8%) filed a prospectus to increase the offering price of its common stock from $1.4 million to $2.4 million. 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. [Sign Up for Mobile Alerts Now]( [Privacy Policy]( | [Advertiser Disclosure]( [tw]( [ig]( [yt]( [tk]( *Standard message/carrier rates may apply. Legal Stuff: Stocks featured in this newsletter are for entertainment purposes only. You should not base any investment decisions on information contained in my newsletter. Stocks featured in this newsletter may be owned by owners/operators of this website, which could impact our ability to remain unbiased. Please consult a financial advisor before making any trading decisions. I may earn a small commission from links placed inside these emails. [Privacy Policy]( | [Terms of Service]( Update your email preferences or unsubscribe [here]( © 2024 Elite Trade Media LLC 1969 Alafaya Tr., Suite #247 Orlando, Florida 32828, United States of America [[beehiiv logo]Powered by beehiiv](