NEW YORK, NY / ACCESSWIRE / December 14, 2018 / U.S. markets finished modestly higher on Thursday as investors continue to worry about trade tensions between the U.S. and China. The Dow Jones Industrial Average gained 0.29 percent to close at 24,597.38, while the S&P 500 Index fell 0.02 percent to close at 2,650.54. The Nasdaq Composite Index dropped 0.39 percent to close at 7,070.33.
“Trade tensions between the U.S. and China is the biggest factor creating volatility,” said the president of Caliber Financial Partners, Patrick Healey. “Investors are clinging to the recent positive news about trade negotiations, but we won’t see the end of this volatility until there is a concrete agreement in place,” Healey added.
The Market Edge Initiates Coverage on:
TC PipeLines, LP
Buckeye Partners, L.P.
TC PipeLines’ stock jumped 3.42% Thursday, to close the day at $31.17. The stock recorded a trading volume of 772,625 shares, which was above its three months average volume of 251,090 shares. In the last year, TC PipeLines’ shares have traded in a range of 22.64 - 57.08. The share price has gained 37.68% 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 $30.69 is above its 200-day moving average of $30.10. Shares of the company are trading at a Price to Earnings ratio of 7.99. Shares of TC PipeLines have gained roughly 0.91 percent in the past month and are down 41.30 percent year-to-date.
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On Thursday, shares of Buckeye Partners recorded a trading volume of 2,096,714 shares, which was above the three months average volume of 939,430 shares. The stock ended the day 5.33% higher at $29.64. The share price has fallen 48.17% from its 52
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SOURCE: The Market Edge