NEW YORK, NY / ACCESSWIRE / December 15, 2017 / Progress of the recent tax bill hit a snag on Thursday as two GOP Senators raised some concerns. All sectors closed down on Thursday dragging markets lower, with the Healthcare and Materials contributing most losses. The Dow Jones Industrial Average declined 0.31 percent to close at 24,508.66, while the S&P 500 Index fell 0.41 percent to close at 2,652.01. The Nasdaq Composite Index decreased 0.28 percent to close at 6,856.53.
"This market has been going in lockstep with the progress made in the tax bill," said Art Hogan, chief market strategist at B. Riley FBR. "When you see bumps in the road, you're going to get some volatility."
RDI Initiates Coverage on:
Walt Disney Company
Walt Disney's stock moved 2.75% higher Thursday, to close the day at $110.57. The stock recorded a trading volume of 27,571,048 shares, which was above its three months average volume of 7,831,279 shares. Traders were excited on the news that the company has struck a deal to buy most of 21st Century Fox at $52 billion. The deal, if approved by federal regulators, will result in Disney acquiring Fox's television and movie studios, regional sports networks and satellite TV properties. In the last year, Walt Disney's shares have traded in a range of 96.20 - 116.10. The stock is currently trading 4.76% below its 52 week high. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $102.94 is below its 200-day moving average of $102.95. Shares of the company are trading at a Price to Earnings ratio of 19.43. Shares of Walt Disney have gained roughly 7.17 percent in the past month and are up 6.09 percent year-to-date.
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On Thursday, shares in Twitter, Inc. recorded a trading volume of 34,061,865 shares, which was above the three months average volume of 16,979,921 shares. The stock ended the day 4.25% higher at 22.58. The share price has gained 59.92% from its 52-week low with a 52-week trading range of 14.12 - 23.24.The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $20.70 is greater than its 200-day moving average of $18.36. Shares of Twitter have gained roughly 12.62 percent in the past month and are up 38.53 percent year-to-date.
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