NEW YORK, NY / ACCESSWIRE / February 8, 2018 / On Wednesday, U.S. markets failed to continue on Tuesday’s gains as investors worried about rising bond yields and interest rates. The Dow Jones Industrial Average dipped 0.08 percent to close at 24,893.35, while the S&P 500 Index fell 0.50 percent to close at 2,681.66. The Nasdaq Composite Index dropped 0.90 percent to close at 7,051.98.
"The market was positioned for great earnings, great growth, and no inflation or rates moving up to any meaningful degree. Now that goldilocks environment is gone, and we’re back in a normal environment where we’re getting both strong growth and higher rates. That readjustment is bringing some jitters," said Alec Young, managing director of global markets research at FTSE Russell.
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Archer-Daniels-Midland's stock edged 0.45% higher Wednesday, to close the day at $42.19. The stock recorded a trading volume of 4,587,806 shares, which was above its three months average volume of 3,406,193 shares. In the last year, Archer-Daniels-Midland's shares have traded in a range of 38.59 - 47.44. The stock is currently trading 11.07% 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 $41.11 is below its 200-day moving average of $41.63. Shares of Archer-Daniels-Midland are trading at a trailing Price to Earnings ratio of 19.75. Shares of Archer-Daniels-Midland have gained roughly 5 percent in the past month and are up 5.26 percent year-to-date.
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On Wednesday, shares of Ball’s recorded a trading volume of 6,352,149 shares, which was above the three months average volume of 3,131,422 shares. The stock ended the day 6.50% higher at 39.33. The stock is currently trading 9.04% below its 52 week high with a 52 week trading range of 35.60 - 43.24. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $38.13 is below its 200-day moving average of $40.17. Shares of the company are trading at a trailing Price to Earnings ratio of 52.53. Shares of Ball have gained roughly 1.92 percent in the past month and are up 3.91 percent year-to-date.
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