Top movers from today's choppy session 🌊

The Dow was the only major U.S. index to notch a gain on Tuesday...

Good Afternoon! 

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

Here’s what moved the market today.

Markets 📈

Stocks slipped lower on Tuesday, but the Dow managed to eke out a slim gain thanks to a strong performance from several blue chips.

  • S&P 500 [<0.1%]

  • Dow [+0.3%]

  • Nasdaq [-0.7%]

  • Russell 2K [-0.7%]

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Market-Moving News 🔎 

🌟 Optimism and Jobs Drive Treasury Yields Up 

The latest economic data paints a picture of growing optimism and robust job opportunities, nudging Treasury yields upwards.

🌟 Consumer Confidence: 
As per the Conference Board survey, consumer confidence has soared, reaching its peak since December 2021.

This surge in optimism is a positive sign for the economy, indicating potential for sustained consumer spending.

👷 Job Market: December's Labor Department data echoes this sentiment, showing that job openings are still abundant. This robust job market is a testament to the resilience of the U.S. economy.

💸 Rising Yields: In response to these developments, the 10-year U.S. Treasury yield has climbed to around 4.09%.

This rise in yield, coupled with falling bond prices, suggests that investors are betting on continued economic growth fueled by confident consumers and a strong labor market.

Top Winners and Losers 🔥

Remark [MARK] $1.25 (+264.4%)
landed an $80 million partnership deal with Microsoft [MSFT +0.0%] focused on computer vision models.

PepGen [PEPG] $10.93 (+50.7%)
was reiterated as an “outperform” and maintained at a $21 price target by analysts at Wedbush.

Neximmune [NEXI] $9.30 (+73.8%)
skyrocketed for the second day in a row in what appears to be an epic short squeeze. Shares are up 194.6% over the past five days.

BaiJiaYun [RTC] $1.35 (81.9%)
signed a strategic cooperation agreement with ZhongkeRujian and released a “new generation knowledge delivery tool.”

Sidus Space [SIDU] $4.85 (-44.2%)
registered for a $5.63 million public offering of roughly 1.25 million shares priced at $4.50 apiece.

Revelation Biosciences [REVB] $7.95 (38.8%)
registered for a direct offering of 793K shares of various classes of stock & warrants for an expected gross proceed of $15.6 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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