NEW YORK, NY / ACCESSWIRE / December 4, 2017 / U.S. markets retreated from records high on Friday as investors keep an eye on the progress tax legislation and news on Michael Flynn spur on the market. The Dow Jones Industrial Average shed 0.17 percent to close at 24,231.59, while the S&P 500 Index gained 0.20 percent to close at 2,642.22. The Nasdaq Composite Index dropped 0.38 percent to close at 6,847.59.
"If you took out the Flynn news, we'd probably be up right now, but if you took out the tax news, we'd see more volatility" in the market, said Wade Balliet, chief investment strategist at Bank of the West. "I think they're canceling each other out."
RDI Initiates Coverage on:
Fifth Third Bancorp
TD Ameritrade Holding Corp.
Fifth Third Bancorp's stock edged 0.76% higher Friday, to close the day at $30.69. The stock recorded a trading volume of 7,486,681 shares, which was above its three months average volume of 4,927,738 shares. In the last year, Fifth Third Bancorp's shares have traded in a range of 23.20 - 31.12. The share price has gained 32.28% 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 $28.73 is greater than its 200-day moving average of $26.77. Shares of Fifth Third Bancorp are trading at a Price to Earnings ratio of 15.55. Shares of Fifth Third Bancorp have gained roughly 33.86 percent in the past month and are down 57.9 percent year-to-date.
Access RDI's Fifth Third Bancorp Research Report at:
On Friday, shares in TD Ameritrade Holding Corp. recorded a trading volume of 2,671,313 shares, which was above the three months average volume of 1,946,192 shares. The stock ended the day 1.57% higher at 51.67. The share price has gained 43.05% from its 52-week low with a 52-week trading range of 36.12 - 51.80.The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $49.28 is greater than its 200-day moving average of $44.94. Shares of the company are trading at a Price to Earnings ratio of 32.29. Shares of TD Ameritrade have fallen roughly 0.07 percent in the past month and are up 21.5 percent year-to-date.
Access RDI's TD Ameritrade Holding Corp. Research Report at:
Our Actionable Research on Fifth Third Bancorp (NASDAQ:FITB) and TD Ameritrade Holding Corp. (NASDAQ:AMTD) can be downloaded free of charge at Research Driven Investing.
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