Stocks stumble after S&P downgrade 📉

[Image](www.elitetrade.club) Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Today is Tuesday, August 22nd. I hope you had a great trading session. Here's what moved the market today: Markets 📈 U.S. benchmarks pulled back after a higher open to close the session lower. The S&P 500 [-0.2%], Dow [-0.5%] and Russell 2K [-0.2%] edged lower on the session, while the Nasdaq [<0.1%] closed with a narrow gain. Sponsored [The Next Big Break Out? 🚀]( This tiny company is quickly making a name for itself in one of the world's most lucrative industries. It boasts an impressive combination of strong leadership, innovative tech, and an incredible market opportunity. Best of all, a major catalyst could be coming around the corner that will send share prices skyrocketing. [Get the Details Here (Ticker INCLUDED)]( Today's Market-Moving News 🔎 📉 S&P Downgrades Five Banks. S&P Global Ratings announced downgrades for five U.S. banks this afternoon, and the news may have contributed to today's declines. Associated Banc [ASB -4.2%] and Comerica [CMA -4.1%] were the most notable downgrades. Today's Top Winners and Losers 🔥 Digital Brands Group [DGBI] $11.11 (34.7%) implemented a 1-for-25 reverse stock split announced on Monday. SOS [SOS] $6.17 (31.0%) pulled back after a 99.3% short-squeeze rally on Monday. Dick's Sporting Goods [DKS] $111.53 (24.1%) slashed its full-year guidance and reported weaker-than-expected Q2 results. VinFast [VFS] $36.42 (+108.8%) continues to run hot after completing its IPO last week. CNS Pharmaceuticals [CNSP] $1.74 (+42.6%) rebounded after a major sell-off on Monday. Fulcrum Therapeutics [FULC] $5.43 (+38.5%) said the FDA had lifted a clinical hold on its FTX-6058 drug candidate. 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](