S&P 500 Snaps Its Losing Streak 📈

Leading large-cap indexes opened the week with a rally after failing to post a gain all last week.                                                                                                                                                                                                                                                                                                                                                                                                                 April 22, 2024 | [Read Online]( Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Here’s what moved the market today. Markets 📈 The S&P 500 and Nasdaq notched their first gain in over week on Monday, as traders shook off concerns about higher-for-longer interest rates. - DJIA [+0.6%] - S&P 500 [+0.8%] - Nasdaq [+1.1%] - Russell 2K [+1.0%] [Get a FREE Stock Analysis: Don't Guess on a Stocks True Value]( Get a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. Plus, it offers a definitive Buy, Sell, Hold recommendation for every ticker. Take it for a test drive now to see how your favorite stock stacks up! [Analyze Any Stock Free »]( » Want an Ad-Free Experience + Top Growth Stock Picks? [Upgrade Now!]( Market-Moving News 🔎 📉 Gold Prices Retreat as Middle East Tensions Ease Gold prices experienced a significant drop on Monday morning, decreasing by 2.6% or $63 to settle at $2,350 per troy ounce. This decline marks a potential low not seen since April 10, interrupting a vigorous rally that had previously driven gold prices over 20% higher since mid-February. Uncertainty and Inflation 🚀 The recent surge in gold prices was largely fueled by U.S. investors hedging against inflation and the escalating geopolitical risks in the Middle East. Gold is traditionally viewed as a safe haven during times of uncertainty, and the recent conflicts had amplified its appeal to investors. MidEast De-Escalation 🕊️ The price drop followed a de-escalation in the conflict between Israel and Iran. After a limited Israeli strike in response to a more extensive missile and drone attack by Iran on Israeli targets last week, Tehran indicated a willingness to reduce tensions, leading to a cooling off in the immediate geopolitical climate. Continued Performance 📈 Despite Monday’s dip, gold has been on a significant upward trajectory, increasing by more than 40% since autumn 2022. Earlier in April, analysts from Citigroup adjusted their gold price forecast for the next 6 to 18 months to $3,000, reflecting strong and sustained physical buying in the market. Outlook and Sentiment 🌐 As the situation in the Middle East shows signs of calming, investors may temporarily shift their focus away from gold. However, the overall bullish trend for the year, bolstered by consistent physical demand and inflation concerns, suggests that gold may continue to play a crucial role in investment portfolios, especially if new global uncertainties arise. Top Winners and Losers 🔥 Matterport [MTTR] $4.80 (+175.8%) agreed to be acquired by CoStar Group [CSGP 0.0%] in a $1.6 billion cash-and-stock deal worth roughly $5.50 per share. MFI Intl. [MFI] $12.29 (+173.1%) rallied in its first day of trading on the Nasdaq NMS. AGBA Group [AGBA $2.50 (+100.0%) continued to rally after entering into a definitive merger agreement with Triller Corp late last week. Inhibikase [IKT] $1.37 (32.8%) fell after filing an S-1 statement for a registered offering in Friday’s aftermarket. Bio-Path [BPTH] $2.92 (31.9%) announced the closing of a $1.2 million offering after Friday’s closing bell. Top Wealth Group [TWG] $2.60 (11.5%) retreated after a big rally on Friday. 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. 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