Nasdaq rebound rally lifts stocks higher 📈

Good Afternoon! 

Hey, everyone. It's Adam from Elite Trade Club. 

Here’s what moved the market today.

Markets 📈

The stock market notched its first win of the week on Thursday, thanks largely to a rally in the Nasdaq.

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Market-Moving News 🔎 

🏡 Mortgage Rates Reach Eight-Month Low, Boosting Housing Market

Mortgage rates have experienced a significant drop, reaching their lowest point since May.

This development brings a much-needed reprieve to the struggling housing market.

🔢 Key Mortgage Rate Statistics

• Current Rate: The average rate for a standard 30-year fixed mortgage now stands at 6.6%, as per the latest survey by Freddie Mac.

• Rate Comparison: This rate marks a substantial decrease from a year ago, when it was just over 6%, and a notable drop from two years ago when rates were under 4%.

This downward trend in mortgage rates could potentially invigorate the housing market, making home buying more accessible and reviving buyer interest.

Marpai [MRAI] $1.15 (+36.0%)
disclosed an insider buy worth more than $1 million in a recent Form 4 regulatory filing.

Bullfrog AI [BFRG] $3.89 (+21.9%)
continued to gain after announcing a breakthrough in its brain expression data project with Lieber Institute yesterday.

Dada Nexus [DADA] $1.80 (+20.0%)
was maintained as a “buy” with a $6 price target by analysts at Mizuho.

Panbela Therapeutics [PBLA] $6.65 (23.3%)
published new clinical data from a Phase 2 trial of a DFMO combo therapy in patients with relapsed neuroblastoma.

Hut 8 [HUT] $7.12 (+23.2%)
was the subject of a short-seller report from J Capital Research titled: “The Coming HUT Pump and Dump.”

Transcode [RNAZ] $2.16 (43.3%)
announced a public offering of 5.9 million shares priced at $1.22 apiece for an expected gross proceed of $7.25 million.

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

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