S&P 500 enters bull market territory! 📈

[Image](www.elitetrade.club) Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Happy Friday! It's June 9th. I hope you have a great weekend. Here's what moved the market today: Markets 📈 The S&P 500 [+0.1%] officially entered a new bull market today, thanks to broad gains in U.S. stocks. The Dow [+0.1%] and Nasdaq [+0.1%] also notched modest gains, while the Russell 2K [-0.8%] fell. Sponsored [New "Mined in America" Lithium Opportunities?]( The average electric vehicle needs 138 pounds of lithium carbonate for its battery components. But China currently controls the entire lithium supply chain. To break China's monopoly, the U.S. is extending strong financial support for increased DOMESTIC production of the energy metal. [See How This Could Open Up New Opportunities in the U.S. Lithium Sector]( Today's Market-Moving News 🔎 📈 S&P 500 Enters New Bull Market The S&P 500 entered a new bull market after notching modest gains in today's session. The index is hovering near a new 52-week high, and the Nasdaq is on pace for its seventh-straight weekly gain. However, the mood could change quickly depending on the outcome of next week's Federal Reserve policy meeting. The growing sense of bullishness among investors can likely be attributed to hopes that the Fed will pause rate hikes in June. The Fed has signaled that it's likely to pause hikes in June, but that doesn't mean rate hikes are over. The market could react very negatively if Fed Chair Jay Powell takes a hawkish tone at the post-meeting press conference next week. Today's Top Winners and Losers 🔥 Elevation Oncology [ELEV] $1.91 (32.2%) Announced a $50 million public offering to fund clinical development of its lead drug candidate EO-3021 and provide working capital for general working purposes. Baosheng Media Group [BAOS] $9.29 (33.8%) BAOS pulled back after a 136.7% rally on Thusday. There hasn't been any company-specific news to explain the volatility. Planet Labs [PL] $3.41 (30.4%) Reported its Q1 results after Thursday's close. Earnings topped expectations, but the company slashed its fiscal Q2 and 2024 outlook to account for increasing economic headwinds. Advanced Health Intelligence [AHI] $2.18 (+603.2%) AHI exploded for an enormous gain today on massive trading volume, despite no obvious news to explain the sudden rally. Blue Apron [APRN] $8.95 (+67.2%) Closed a deal to offload operational infrastructure assets to FreshRealm in exchange for $25 million in upfront cash and $25 million in potential milestone payments. Sientra [SIEN] $2.48 (+41.7%) The FDA granted 510k clearance to Sientra's AlloX2 Pro Tissue Expander. CEO Ron Menezes noted, "This is the third new product cleared or approved by the FDA in the past 12 months..." 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](