NEW YORK, NY / ACCESSWIRE / October 13, 2017 / Major Indexes pulled back on Thursday as investors digested earnings from JPMorgan Chase and Citigroup. The Dow Jones Industrial Average declined 0.14 percent to close at 22,841.01, while the S&P 500 Index fell 0.17 percent to close at 2,550.93. The Nasdaq Composite Index decreased 0.18 percent to close at 6,591.51. On Thursday, earnings from Citigroup and JPMorgan Chase signaled the start of earnings season.
"Basic fundamentals are good, companies are making money, and I think the market will be relatively strong throughout earnings season, but I don't see a huge spike up between now and the end of the year because a lot [of earnings optimism] has been priced in," said Gary Droz, managing director at MainLine Private Wealth.
RDI Initiates Coverage on:
AcelRx Pharmaceuticals Inc.'s (NASDAQ: ACRX) stock fell 59.81% Thursday, to close the day at $2.15. The stock recorded a trading volume of 24,274,300 shares, which was above its three months average volume of 2,214,920 shares. In the last year AcelRx Pharmaceuticals Inc.'s shares have traded in a range of 1.95 - 5.75. The stock is currently trading 62.61% below its 52 week high. The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $3.80 is greater than its 200-day moving average of $2.97. Shares of AcelRx Pharmaceuticals have fallen approximately 17.31 percent year-to-date.
Access RDI's AcelRx Pharmaceuticals Inc. Research Report at: https://rdinvesting.com/news/?ticker=ACRX
On Thursday, shares in NanoString Technologies Inc. (NASDAQ: NSTG) recorded a trading volume of 2,303,317 shares, which was above the three months average volume of 204,405 shares. The stock ended the day 27.84% lower at 11.30. The share price has gained 18.20% from its 52-week low with a 52-week trading range of 9.56 - 23.45.The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $15.64 is below its 200-day moving average of $16.59. Shares of NanoString Technologies have fallen approximately 49.33 percent year-to-date.
Access RDI's NanoString Technologies Research Report at: https://rdinvesting.com/news/?ticker=NSTG
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