Yahoo Finance Today's Research Reports on Trending Tickers: Facebook and Alphabet
NEW YORK, NY / ACCESSWIRE / June 1, 2018 / U.S. markets closed sharply lower on Thursday as the U.S. decided to impose tariffs on steel and aluminum imports from Canada, Mexico and the European Union. The tariffs incited promises of retaliation by trade partners and raised fears of a potential trade war. The Dow Jones Industrial Average dropped 1.02 percent to close at 24,415.84, while the S&P 500 Index declined 0.69 percent to close at 2,705.27. The Nasdaq Composite Index was down 0.27 percent to close at 7,442.12.
"The initial round of tariff threats by the Trump administration and the promises of retaliation by trade partners earlier this year were initially viewed by investors as opening gambits in negotiations that would lead to agreements," said Art Hogan, chief market strategist at B. Riley FBR.
RDI Initiates Coverage on:
Facebook, Inc.
https://rdinvesting.com/news/?ticker=FB
Alphabet Inc.
https://rdinvesting.com/news/?ticker=GOOG
Facebook's stock moved 2.19% higher Thursday, to close the day at $191.78. The stock recorded a trading volume of 22,970,096 shares, which was below its three months average volume of 33,317,967 shares. In the last year, Facebook's shares have traded in a range of 144.56 - 195.32. The share price has gained 32.66% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $176.92 is below its 200-day moving average of $177.38. Shares of the company are trading at a Price to Earnings ratio of 31.75. Shares of Facebook have gained roughly 10.31 percent in the past month and are up 8.68 percent year-to-date.
Access RDI's Facebook, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=FB
On Thursday, shares of Alphabet recorded a trading volume of 2,360,633 shares, which was above the three months average volume of 1,857,335 shares. The stock ended the day 1.61% higher at $1,084.99. The share price has fallen 8.59% from its 52 week high with a 52 week trading range of 894.79 - 1,186.89. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $1,060.76 is below its 200-day moving average of $1,072.08. Shares of the company are trading at a Price to Earnings ratio of 60.29. Shares of Alphabet have gained roughly 6.65 percent in the past month and are up 3.69 percent year-to-date.
Access RDI's Alphabet Inc. Research Report at:
https://rdinvesting.com/news/?ticker=GOOG
Our Actionable Research on Facebook, Inc. (NASDAQ:FB) and Alphabet Inc. (NASDAQ:GOOG) can be downloaded free of charge at Research Driven Investing.
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