A flat day for U.S. stocks 😑

U.S. benchmarks ended the day close to flat, but the S&P 500 and Nasdaq kept their recent win streak intact.                                                                                                                                                                                                                                                                                                                                                                                                                 April 24, 2024 | [Read Online]( Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Here’s what moved the market today. Markets 📈 Stocks closed Wednesday’s session with mixed results, but the S&P 500 and Nasdaq managed to extend their winning streak by a narrow margin. - DJIA [-0.1%] - S&P 500 [<0.1%] - Nasdaq [+0.1%] - Russell 2K [-0.4%] ["Red Flag" Could Cause Chaos for one AI Stock]( Nvidia's trading volume nearly doubled in the last three months. Now a 50-year Wall Street veteran is issuing a warning about the stock... [Learn more here.]( » Want an Ad-Free Experience + Top Growth Stock Picks? [Upgrade Now!]( Market-Moving News 🔎 🧑‍⚖️ U.S. Pushes to Sentence Binance Founder to 3 Years U.S. Justice Department prosecutors are calling for a three-year prison sentence for Changpeng Zhao, the founder of Binance, citing violations of U.S. law on an "unprecedented scale." Zhao, often referred to as CZ, previously stepped down as CEO of the world’s largest crypto exchange and pleaded guilty to failing to meet U.S. anti-money laundering standards. Alongside his legal troubles, Binance has agreed to a hefty $4.3 billion fine. Significant Misconduct ⚖️ While initial guidelines suggested a maximum of 18 months in prison for Zhao, prosecutors argued late Tuesday for a lengthier sentence. They claimed that the "scope and ramifications of Zhao's misconduct were massive," significantly impacting U.S. national security. Repercussions for Binance 📉 Prosecutors detailed how Zhao's failure to implement an effective anti-money laundering program at Binance allowed hackers, drug traffickers, and sanctions violators to launder hundreds of millions of dollars. Defense Argues 🛡️ In contrast, Zhao’s defense team has requested that the court sentence him to probation only, pointing to his "extraordinary acceptance of responsibility" and a clean criminal record prior to these charges. They also noted Zhao’s efforts to transform Binance into a compliance leader in the cryptocurrency industry since the violations occurred. Top Winners and Losers 🔥 reAlpha [AIRE] $1.16 (+92.0%) announced the launch of a real estate’s first AI-powered, zero-commission smart buyer’s agent. BranchOut Food [BOF] $2.08 (+77.7%) landed a third contract with the “nation’s largest retailer” for its dehydrated fruit and vegetable products. Amesite Operating [AMST] $3.40 (+70.0%) launched a beta release of its NurseMagic proprietary app designed specifically for nurses. Neo Concept Intl. [NCI] $2.34 (75.3%) retreated a day after rallying in its Nasdaq debut. Evotec ADR [EVO] $5.23 (31.6%) posted a disappointing full-year revenue forecast. NewGenIVF [NIVF] $1.55 (30.4%) pulled back after news of a potential reverse merger with European Wellness Investment Holdings sparked a big rally on Tuesday. 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](