Stocks rally on May jobs data 🔥

[Image](www.elitetrade.club) Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Happy Friday! It's June 2nd. I hope you have a great weekend. Here's what moved the market today: Markets 📈 A robust jobs report rallied U.S. benchmarks on Friday, catapulting stocks to a strong finish in a holiday-shortened trading week. The Dow [+2.1%], S&P 500 [+1.4%], and Nasdaq [+1.0%] all gained upwards of 1%, while the small-cap Russell 2K [+3.4%] spiked by more than 3%. Sponsored [A "Ground Floor" Opportunity with MASSIVE Potential 🚀]( Influencer marketing is taking over the internet, and one company could be uniquely position to capitalize on the sector's runaway growth. This company is on the threshold of a massive market opportunity, and now could be an ideal time to get in for cheap. Don't miss your chance to get in on the ground floor. [Get all the Details Here]( Today's Market-Moving News 🔎 💼 May Jobs Report Tops Expectations Hiring in the U.S. economy remains strong, according to the May jobs report released this morning. U.S. employers added a seasonally-adjusted 339,000 jobs in May, and payrolls from the previous two months were revised upwards by nearly 100,000 jobs. The U.S. unemployment rate rose to 3.7%, but the strong job market could give the Federal Reserve reason to believe that the economy can withstand more rate hikes to bring inflation below the central bank's 2.0% target. Today's Top Winners and Losers 🔥 SentinelOne [S] $13.44 (35.1%) SentinelOne missed consensus estimates for earnings and revenues on its fiscal Q1 earnings report, and slashed its fiscal 2024 revenue outlook. Tigo Energy [TYGO] $16.77 (22.0%) Tigo Energy pulled back after jumping 83.6% on Thursday following the announcement of a new collaboration with Japanese EV maker Quantum Solutions. Microbot Medical [MBOT] $1.76 (18.5%) Microbot Medical announced a $1.5 million registered direct offering of 701,756 shares of common stock priced at $2.1375 per share under Nasdaq rules today. MultiMetaVerse [MMV] $2.04 (+113.6%) MultiMetaVerse entered into a non-binding term sheet with Dongzheng Ruibo Investment Center and Orient TM Ruibo that updated certain terms regarding its proposed acquisition of an equity stake in Taomee Group. LAVA Therapeutics [LVTX] $2.60 (+36.8%) LAVA Therapeutics said its partner, Janssen Biotech, chose a lead candidate aimed at an undisclosed tumor-associated antigen for further development towards clinical settings. AlTi Global [ALTI] $5.82 (+28.4%) After yesterday's close, AlTi Global announced its CFO Christine Zhao would be stepping down effective June 15th. The company's controller, Reid Parmelee, has been appointed as interim CFO. 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 Alafaya Trail Suite #247 Orlando FL 32828 USA [Unsubscribe]( | [Change Subscriber Options](