Stocks stagger as inflation heats up 🔥

[Image](www.elitetrade.club) Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Today is Wednesday, September 13th. I was out of the office yesterday, but I'm back with another helping of top stocks. Here's what moved the market today: Markets 📈 Stocks closed out Wednesday's session with mixed results. The Dow [-0.2%] edged lower, while the Nasdaq [+0.2%] and S&P 500 [+0.1%] notched modest gains. The Russell 2K [-0.7%] underperformed with a sharp decline. Sponsored [Forget 99% of the Stock Market 🎯]( Hi folks, Jeff Clark here... I've made my money by IGNORING 99% of the entire stock market. And I can't sit around anymore, watching people get slaughtered in the markets. I've helped my readers double their money 13 TIMES in the last year alone. All by ignoring 99% of the market and focusing on only ONE stock. I call it, "The One-Stock Retirement." [Click here to watch this "Financial Intervention."]( Today's Market-Moving News 🔎 🚀 Arm IPO Priced at $52 Per Share **Correction: This morning, we implied the Arm IPO was today, but the stock won't debut until Thursday British chip designer Arm priced its IPO at $52 per share after a meeting with its underwriters today. The stock will list on the NASDAQ under the symbol ARM. It's expected to be the biggest IPO of 2023, and it's the first mega-IPO the market has seen in quite some time. Arm's debut could be a litmus test for the overall IPO market, which has been challenged by high rates, geopolitical instability, and an uncertain macroeconomic outlook this year. 💵 Inflation Ticked Up in August Today's CPI report showed the consumer price index increased by 3.7% annually in August, outpacing the 3.6% median estimate. The figure marked a substantial uptick from the 3.2% annual inflation rate shown in July's CPI report. CPI growth also exceeded the median forecast on a month-to-month basis. Prices were 0.3% compared to July, topping the 0.2% estimate. Today's Top Winners and Losers 🔥 MicroCloud Hologram [HOLO] $2.12 (80.0%) experienced a steep sell-off on unusually high volume, a day after its shares were halted for volatility. Wheels Up [UP] $2.66 (32.8%) fell after a Form 4 filing revealed CCO Mark Briffa sold 8,784 shares for $25,473 on Sept. 11th. Hoth Therapeutics [HOTH] $1.92 (28.3%) announced a $2.89 million registered direct offering of common shares priced at $2.63 apiece. BitNile Metaverse [BNMV] $1.01 (+46.6%) rallied after a double-upgrade from Refinitiv/Verus on Monday. Analysts lifted the stock from "sell" to "buy." DZS Inc. [DZSI] $2.42 (+32.2%) secured $29.7 million in loans to pay down its existing term debt facility, according to an early-morning announcement. Rocket Pharmaceuticals [RCKT] $1.81 (+31.1%) reached an agreement with the FDA on the design of a pivotal Phase 2 trial of RP-A501 for Danon disease. 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](