Dow falls while Nasdaq stays hot

Good Afternoon! 

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

Here’s what moved the market today.

Markets 📈

U.S. indexes climbed again on Friday, but the Dow closed slightly lower. The Nasdaq led with rally past 1%.

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Market-Moving News 🔎 

📊 S&P 500 Earnings Season Check-In

As the corporate world's report season hits its stride, we've got the scoop on how the big players are faring. With about two-thirds of the S&P 500 companies having spilled the beans on their fourth-quarter earnings, it's time to dive into the digits.

🚀 The Earnings Beat
The scoreboard is looking pretty solid, with 75% of companies outperforming Wall Street's predictions. While this might not beat the five-year streak of 77%, it's still a pretty impressive feat. These overachievers have managed to surpass expectations by 3.8%, though it's a tad shy of the 8.5% five-year dazzle.

💹 Growth on the Horizon
There's a buzz in the air with companies poised to report a 2.9% uptick in fourth-quarter earnings compared to last year. This potential growth spurt signals back-to-back quarters of year-over-year earnings increases, painting a picture of resilience and recovery.

🔍 Valuation Vistas
In the valuation arena, the S&P 500 is strutting at about 20.3 times its projected earnings for the next dozen months. This leap over the 20 mark for the first time in two years has eyes popping, especially when stacked against the five-year average of 18.9.

In the grand tapestry of corporate earnings, these figures weave a story of cautious optimism, with companies navigating the economic currents to keep the growth narrative alive and kicking.

Intelligent Bio [SINBS] $6.76 (+134.9%)
reported a significant spike in annual revenues on its fiscal Q2 earnings report.

1847 Holdings [EFSH] $1.95 (+41.3%)
priced a $5 million public offering of 5 million common shares and/or pre-funded warrants priced at $1 apiece.

Masonite [DOOR] $130.51 (+35.0%)
agreed to be acquired by Owens Corning [OC] in an all-cash, $3.9 billion deal that will pay investors $133 per share.

Synlogic [SYBX] $1.77 (48.7%)
said it will cease business operations immediately and slash 90% of its workforce in an announcement after Thursday’s closing bell.

BioXcel Therapeutics [BTAI] $2.11 (43.7%)
launched a $60 million underwritten public offering of its shares, according to a late Thursday regulatory disclosure.

Syra Health [SYRA $2.92 (39.7%)
pulled back after it rallied 336% on Thursday, following its announcement of a massive federal sub-contract.

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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