NEW YORK, NY / ACCESSWIRE / March 21, 2018 / Stock markets rallied Tuesday on gains from the energy and consumer discretionary sector. Wall Street appears to be eagerly awaiting details from the Federal Reserve's upcoming policy meeting. As per CME Group's FedWatch tool, as of Tuesday, market expectations for a March rate hike are 94.4 percent. The Dow Jones Industrial Average increased 0.47 percent to close at 24,727.27, while the S&P 500 Index gained 0.15 percent to close at 2,716.94. The Nasdaq Composite Index climbed 0.27 percent to close at 7,364.30.
"We've seen volatility come back into markets. Stocks have become more of a two-sided trade. Markets do seem more comfortable at these levels, but it'll probably take a month or two before things settle. We want to see more clarity with what's actually going on with trade, with underlying economic data. Those things will cause the market to break out one way or the other," said Shawn Cruz, senior markets specialist at TD Ameritrade.
RDI Initiates Coverage on:
Arena Pharmaceuticals, Inc.
CASI Pharmaceuticals, Inc.
Arena Pharmaceuticals' stock jumped 28.68% Tuesday, to close the day at $39.75. The stock recorded a trading volume of 11,738,828 shares, which was above its three months average volume of 679,870 shares. In the last year, Arena Pharmaceuticals' shares have traded in a range of 11.30 - 44.50. The share price has gained 251.77% 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 $39.25 is greater than its 200-day moving average of $31.83. Shares of Arena Pharmaceuticals have fallen roughly 1.90 percent in the past month and are up 17.02 percent year-to-date.
Access RDI's Arena Pharmaceuticals, Inc. Research Report at:
On Tuesday, shares of CASI Pharmaceuticals recorded a trading volume of 863,799 shares, which was above the three months average volume of 212,751 shares. The stock ended the day 21.81% higher at 3.91. The share price has gained 329.67% from its 52-week low with a 52-week trading range of 0.91 - 4.84. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $3.67 is greater than its 200-day moving average of $2.92. Shares of CASI Pharmaceuticals have gained roughly 4.83 percent in the past month and are up 20.31 percent year-to-date.
Access RDI's CASI Pharmaceuticals, Inc. Research Report at:
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