NEW YORK, NY / ACCESSWIRE / January 11, 2018 / All three major indexes dropped Wednesday on news that China is considering halting the purchases of U.S. sovereign debt, with the S&P 500 and Nasdaq logging its first day in the red of 2018. Additionally, a report from Reuters stated that Canada is expecting President Donald Trump to pull the United States from the North American Free Trade Agreement. The Dow Jones Industrial Average declined 0.07 percent to close at 25,369.13, while the S&P 500 Index fell 0.11 percent to close at 2,748.23. The Nasdaq Composite Index dropped 0.14% to 7,153.57.
"If China stops buying Treasuries, the market could suffer," strategists at Jefferies said, according to CNBC. "Treasury financing needs are going to rise significantly in 2018 and beyond relative to recent history, so Treasury is going to be looking for as many sources of demand as they can find."
RDI Initiates Coverage on:
Frontier Communications Corp.
Windstream Holdings, Inc.
Frontier Communications stock moved 4.21% higher Wednesday, to close the day at $7.43. The stock recorded a trading volume of 2,131,398 shares, which was below its three months average volume of 4,117,239 shares. In the last year Frontier Communications shares have traded in a range of 6.08 - 55.50. The share price has gained 22.20% 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 $8.01 is below its 200-day moving average of $11.71. Shares of Frontier Communications have fallen roughly 23.79 percent in the past month and are up 9.91 percent year-to-date.
Access RDI's Frontier Communications Corp. Research Report at:
On Wednesday, shares of Windstream Holdings, Inc. recorded a trading volume of 2,123,594 shares, which was below the three months average volume of 3,290,671 shares. The stock ended the day 1.10% lower at 1.79. The stock is currently trading 78.56% below its 52-week high with a 52-week trading range of 1.71 - 8.35.The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $2.08 is below its 200-day moving average of $2.39. Shares of Windstream Holdings have fallen roughly 8.67 percent in the past month and are down 3.24 percent year-to-date.
Access RDI's Windstream Holdings, Inc. Research Report at:
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