NEW YORK, NY / ACCESSWIRE / April 5, 2018 / After falling sharply on global trade fears in early trading Wednesday, U.S. stocks rallied to close in the green. The Dow Jones Industrial Average touched a low of 23,523.16 before settling at 24,264.30, an increase of 0.96 percent, while the S&P 500 Index hit a low of 2,573.61 before rallying to close at 2,644.69, an increase of 1.16 percent. The tech-heavy Nasdaq Composite Index reached a low of 6,811.77 before settling to close at 7,042.11, an increase of 1.45 percent.
“The prospects for a trade war are there, investors are just not sure how to assess the impact that could come. This brings in an incredible amount of uncertainty, but people may just respond to things as they unfold,” said Michael O’Rourke, chief market strategist at JonesTrading, according to MarketWatch.
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Inpixon's stock jumped 38.34% Wednesday, to close the day at $1.05. The stock recorded a trading volume of 5,818,461 shares, which was above its three months average volume of 1,391,921 shares. In the last year, Inpixon's shares have traded in a range of 0.65 - 138.30. The share price has gained 62.25% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $1.63 is below its 200-day moving average of $7.85. Shares of Inpixon have fallen roughly 16.00 percent in the past month and are down 83.33 percent year-to-date.
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On Wednesday, shares of Facebook recorded a trading volume of 49,885,584 shares, which was above the three months average volume of 21,993,430 shares. The stock ended the day 0.65% lower at 155.10. The stock is currently trading 20.59% below its 52-week high with a 52-week trading range of 137.60 - 195.32. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $181.44 is above its 200-day moving average of $178.03. Shares of the company are trading at a Price to Earnings ratio of 28.78. Shares of Facebook have fallen roughly 12.18 percent in the past month and are down 12.10 percent year-to-date.
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