NEW YORK, NY / ACCESSWIRE / November 13, 2017 / U.S. markets slumped this week, breaking the Dow's streak of 8 consecutive weekly gains, on concerns of a delay in the rollout of President Trump's much-anticipated tax reform plan. The Dow Jones Industrial Average declined 0.17 percent to close at 23,422.21, down 0.49 percent for the week, while the S&P 500 Index dropped 0.09 percent to close at 2,582.30, down 0.21 percent for the week. The Nasdaq Composite Index gained 0.01 percent to close at 6,750.94, down 0.21 percent for the week.
"Markets have had a direct correlation to the tax plan, and have been falling on signs that progress is slowing down, and the idea that corporate taxes will be cut later than we had been expecting," said Richard Sichel, chief investment officer at Philadelphia Trust Co., according to MarketWatch.
"If we see some progress, investors will start feeling better. Everyone is keyed in on this and the market is looking for it, although we just had a nice earnings season, and while this isn't a cheap market, it isn't frothy either. People can find different assets that look attractive from a long-term perspective."
RDI Initiates Coverage on:
3D Systems Corporation
3D Systems Corporation's stock moved 1.04% higher Friday, to close the day at $8.75. The stock recorded a trading volume of 2,038,512 shares, which was below its three months average volume of 2,534,290 shares. In the last year, 3D Systems Corporation's shares have traded in a range of 8.09 - 23.70. The stock is currently trading 63.08% below its 52-week high. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $11.78 is below its 200-day moving average of $15.88. Shares of 3D Systems have fallen roughly 33.26 percent in the past month and are down 34.16 percent year-to-date.
Access RDI's 3D Systems Corporation Research Report at:
On Friday, shares in ExOne Co. recorded a trading volume of 97,175 shares, which was below the three months average volume of 153,278 shares. The stock ended the day 3.20% higher at 10.32. The share price has gained 53.57% from its 52-week low with a 52-week trading range of 6.72 - 14.43.The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $10.53 is below its 200-day moving average of $10.89. Shares of ExOne Co. have fallen roughly 0.29 percent in the past month and are up 10.49 percent year-to-date.
Access RDI's ExOne Co. Research Report at:
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