NEW YORK, NY / ACCESSWIRE / March 26, 2018 / Rising concerns over a potential trade war with China continued to drag markets down on Friday, with the Dow Jones plummeting more than 400 points. The Dow Jones Industrial Average dropped 1.77 percent to close at 23,533.20, while the S&P 500 Index fell 2.10 percent to close at 2,588.26. The Nasdaq Composite Index declined 2.43 percent to close at 6,992.67.
"There was plenty of good news this morning: durable goods and the signing of the spending bill, but investors could not shake off uncertainty created by the Trump administration when it comes to trade with China," said Erin Browne, head of asset allocation at UBS Asset Management.
RDI Initiates Coverage on:
AngloGold Ashanti Ltd.
Kinross Gold Corporation
AngloGold Ashanti Ltd.'s stock jumped 5.93% Friday, to close the day at $9.65. The stock recorded a trading volume of 5,378,990 shares, which was above its three months average volume of 3,148,324 shares. In the last year, AngloGold Ashanti Ltd.'s shares have traded in a range of 8.86 - 13.31. The stock is currently trading 27.50% below its 52 week high. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $9.72 is below its 200-day moving average of $9.89. Shares of AngloGold Ashanti Ltd. have fallen roughly 2.33 percent in the past month and are down 5.30 percent year-to-date.
Access RDI's AngloGold Ashanti Ltd. Research Report at:
On Friday, shares of Kinross Gold Corporation recorded a trading volume of 13,263,225 shares, which was above the three months average volume of 10,582,116 shares. The stock ended the day 5.79% higher at 3.84. The stock is currently trading 21.79% below its 52-week high with a 52-week trading range of 3.35 - 4.91. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $3.75 is below its 200-day moving average of $4.14. Shares of the company are trading at a Price to Earnings ratio of 10.97. Shares of Kinross Gold Corporation have gained roughly 6.96 percent in the past month and are down 11.11 percent year-to-date.
Access RDI's Kinross Gold Corporation Research Report at:
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