Stocks rally to weekly gains 🚀

Good Afternoon! 

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

Here’s what moved the market today.

Markets 📈

U.S. indexes closed the holiday-shortened trading week with a sharp rally on Friday. The Nasdaq outperformed for the second day in a row.

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Market-Moving News 🔎 

❄️ Natural Gas Plummets Despite Chilly Weather

Winter weather is raging across several U.S. states, but natural gas price are spiraling lower.

This week saw a sharp decline in natural-gas futures, defying the usual trend of rising prices amid wintry weather.

🔍 Analyzing the Market Shift

• Futures Decline: Futures for February delivery experienced a significant fall, plummeting by 24% over the week.

• Weather Forecast Effect: The downturn in prices is attributed to predictions of warmer-than-average temperatures returning in the upcoming days.

This surprising twist in the energy market highlights the complex interplay between weather patterns and energy trading, where expectations and forecasts often have a more immediate impact than actual weather events.

Kaman [KAMN] $45.05 (+100.8%)
agreed to a $1.8 billion go-private deal with Arcline Investment that pays $46 per share.

Super Micro Computer
[SMCI] $423.36 (+35.9%)
reported preliminary fiscal Q2 earnings data that surpassed its own internal guidance.

Edgewise Therapeutics
[EWTX] $13.04 (+34.5%)
priced an underwritten public offering of more than 21.8 million common shares at $11 apiece, higher than its Friday close of $9.69.

iRobot [IRBT] $17.26 (26.9%)
fell after the Wall Street Journal reported European regulators would block its pending merger with Amazon [AMZN] 

AST SpaceMobile [ASTS] $3.09 (+25.7%)
priced a public offering of 32.3 million class A shares at $3.10 apiece for an expected gross proceed of $100 million.

Azitra [AZTR] $1.54 (24.8%)
launched a public offering for as many as 3 million shares of common stock. Final pricing is yet to be determined.

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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