NEW YORK, NY / ACCESSWIRE / October 11, 2017 / U.S. major indexes continued to hit new record highs Tuesday as consumer staples were lifted by Wal-Mart Stores Inc.'s announcement of a $20 billion share repurchase program. The Dow Jones Industrial Average gained 0.31 percent to close at a record 22,830.68, its 47th record close in 2017, while the S&P 500 Index hit an intra-day record of 2,555.23 before settling to close at 2,550.64, an increase of 0.23 percent. The NASDAQ Composite Index hit an intra-day record of 6,608.30 before settling to close at 6,587.25, an increase of 0.11 percent. Corporate earnings will now be a main focus amongst investors as earnings season is set to kick off this week.
"We think valuations are fair and we're not expecting any big surprises out of earnings season, which should be pretty strong," said Michael Matousek, head trader at U.S. Global Investors Inc. in San Antonio, according to MarketWatch. "I don't think we're going to see major moves to the upside or the downside until earnings, because people are waiting to see where major companies like [Facebook Inc.] come in, but there is optimism."
RDI Initiates Coverage on:
KalVista Pharmaceuticals Inc.
KalVista Pharmaceuticals Inc.'s stock jumped 38.64% Tuesday, to close the day at $10.19. The stock recorded a trading volume of 3,547,940 shares, which was above its three months average volume of 16,748 shares. In the last year KalVista Pharmaceuticals Inc.'s shares have traded in a range of 6.09 - 15.80. The share price has gained 67.32% from its 52 week low. The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $7.23 is at its 200-day moving average of $7.23. Shares of KalVista Pharmaceuticals have gained approximately 44.13 percent year-to-date.
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On Tuesday, shares of Nutanix Inc. recorded a trading volume of 15,571,907 shares, which was above the three months average volume of 4,114,600 shares. The stock ended the day 9.87% higher at 25.61. The share price has gained 20.74% from its 52 week low with a 52 week trading range of 21.21 - 35.90.The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $22.72 is at its 200-day moving average of $22.72. Shares of Nutanix have fallen approximately 3.58 percent year-to-date.
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