Fed raises rates but promises a pause ⏯

[Image](www.elitetrade.club) Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Today is Wednesday, May 3rd. I hope you had a great trading day. Here's what moved the market today: Markets 📈 US benchmarks closed lower after the Fed announced a 0.25% rate hike in today's session. The S&P 500 [-0.7%], Dow [-0.8%], and Nasdaq [-0.4%] slid, but the small-cap Russell 2K [-0.4%] posted a small gain for the session. Sponsored [These Gold Stocks Could Skyrocket in May]( There's still plenty of upside ahead for gold. Sure, gold may have lost some of its shine. But don't count it out just yet. "The macro drivers from aggressive rate hikes and a strong U.S. dollar have been keeping gold below $1,800 an ounce," said RBC Capital Markets analysts. "But heightened geopolitical tensions could still support gold into the year-end, which is why a price tag above $2,000 is still possible this fall." These oversold gold stocks could be the key to beating the down market in 2023. [Get the Tickers Here]( Today's Market-Moving News 🔎 ⏸ Fed Signals Pause in Rate Hikes The Fed raised rates by a half-point in today's session, but Chairman Jerome Powell indicated the central bank will likely keep rates steady at its next policy meeting in June. Inflation is still well above the Fed's 2.0% target rate, but policymakers seem to be willing to wait a couple of months to see how the economy reacts to today's increase. Today's Top Winners and Losers 🔥 Guardforce AI [GFAI] $5.09 (-56.4%) Guardforce AI announced a $8 million public offering of 1.7 million common shares priced at $4.65 apiece. VCI Global [VCIG] $5.30 (-68.8%) VCI Global pulled back after skyrocketing 549% in Tuesday's trading session. There was no notable news to explain the big rally & subsequent sell off. Assure Holdings [IONM ://elitetra.de/L2Ic ] $2.40 (-34.6%) Assure Holdings filed for a public offering of roughly 2 million shares of common stock priced at $2.98 apiece ImmunoGen [IMGN] $12.26 (+135.7%) ImmunGen announced positive top-line data from a Phase 3 confirmatory MIRASOL trial of ELAHERE® in certain ovarian cancer patients. ImmunoGen said the drug produced a significant survival benefit and positive top-line data in clinical trials. Aptorum Therapeutics [APM] $5.73 (+98.2%) Aptorum announced a non-binding letter of intent to merge its wholly-owned subsidiary, Paths Innovation, with Universal Sequencing Technology Corp. Full terms haven't been release, but the company says the final terms & conditions will be fully described in the final definitive agreement. Akili [AKLI] $1.60 (+46.7%) Akili announced positive topline results from its STARS-ADHD-Adult trial evaluating EndeavorRx (AKL-T01) in adult ADHD patients. The data showed patients experience significant improvements in attention functioning after six weeks of treatment. 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 P.S... Text ELITE to 47121 to get our watchlists sent directly to your phone! You can also text CLOSE to 47121 to get the Closing Bell Roundup, too! *Standard message/carrier rates may apply. © Elite Trade Media LLC, 2023. All rights reserved. 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. [Bots click here]( 1969 S. ALAFAYA TRAIL Orlando FL 32828 USA [Unsubscribe]( | [Change Subscriber Options](