Small-caps lead as market warms up 🌤️

Stocks are still running into some resistance, but large-caps ended the day in the green, aside from the DJIA.                                                                                                                                                                                                                                                                                                                                                                                                                 February 27, 2024 | [Read Online]( Adam Garcia February 27, 2024 Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Here’s what moved the market today. Markets 📈 The market warmed on Tuesday after a spinning its wheels for the past few sessions. Large-caps notched modest gains, while the Russell 2K outperformed with a rally of more than a point. - DJIA [-0.2%] - S&P 500 [+0.1%] - Nasdaq [+0.4%] - Russell 2K [+0.6%] [COMING SOON: Our Top Space Stock Picks for 2024]( Intuitive Machines’ recent moon landing has reinvigorated investors’ enthusiasm about the high-growth space industry! Space is truly the “Final Frontier“ for investors. It’s a virtually untapped resource could be on the verge of an OUT OF THIS WORLD performance in 2024. We’ve covered some of the top picks in our upcoming report Space Race Profits: Investing in the Final Frontier. This report is exclusively available to Insider members, so upgrade now to ensure you’ll be among the first to get it when it drops! [Click here to UPGRADE NOW »]( » Want an Ad-Free Experience? [Upgrade Now!]( Market-Moving News 🔎 🎮 Sony Joins the Layoff Leagues Sony Group (NYSE: SONY) has decided it's time for a bit of spring cleaning, albeit a bit early and not in the way you'd hope. They're trimming down their workforce, with 900 employees from the PlayStation biz getting the boot. That's 8% of the squad, folks. Alongside, they're closing down their London studio. In corporate speak, they're "ensuring they're set up to continue bringing the best gaming experiences." Translation: streamlining operations in the face of changing market dynamics. Market Moves & Gamer Grooves 📉 As Sony sharpens its focus, their U.S.-listed ADRs didn't even flinch, dipping less than 1%. Meanwhile, the broader gaming industry is feeling a bit like a game on hard mode. Spending on video games in 2023 was basically flat, a stark change from the growth spurts we're used to. It seems players might be getting a bit choosier with their cash or, perhaps, everyone's just outside more? Layoff Leaderboard 🏆 Sony's not solo in the layoff league. They're joining the ranks of Microsoft, which also cut about 8% of its gaming staff post-Activision Blizzard buyout. Unity Software and Riot Games have been in the job-cutting club too. It's as if there's a high score for downsizing, and tech companies are all too eager to beat it. PS5's Performance 🕹 Despite the doom and gloom of layoffs, the PlayStation 5 has been a bit of a superstar, with sales north of 54.8 million units. However, Sony's hinting at a sales slowdown. Their main rival, Microsoft, keeps its console sales figures a secret, but estimates suggest the Xbox Series S and X are at about 27 million units. Looks like the console wars are still on, but with a few less soldiers on the field. Top Winners and Losers 🔥 Viking Therapeutic [VKTX] $85.05 (121.0%) publishing positive data from a Phase 2 VENTURE Trial of VK2735. Janux Therapeutic [JANX] $49.75 (+229.4%) said JANX007 and JANX008 produced positive results in clinical trials for metastatic prostate cancer and solid tumors, respectively. Sezzle SPAC [SZZL] $22.50 (+120.5%) shareholders voted to approve the company’s proposed business combination with European Lithium Ltd at a Feb. 22nd meeting. Minerva Nueroscience [NERV] $2.80 (58.8%) said the FDA rejected its drug MIN-101C03, AKA roluperidone, as a treatment for schizophrenia. InfoBird [IFBD] $1.28 (53.6%) continued to fall after postponing a 1-for-8 reverse stock split scheduled for yesterday until March 4th Thoughtworks [TWKS] $3.28 (28.8%) published weaker-than-expected financial results and disappointing forward-looking guidance on its Q4 earnings report. 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 Text ELITESTOCKS to 47121 or [click here]( to get our alerts on your mobile device, and never miss another fast-moving stock! P.S. 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