NEW YORK, NY / ACCESSWIRE / January 11, 2019 / U.S. markets finished in the green on Thursday, however gains were held back by a sharp decline in Macy’s shares that pressured retail stocks lower. The Dow Jones Industrial Average was up by 0.51 percent to close at 24,001.92, while S&P 500 gained 0.45 percent to settle at 2,596.64. Nasdaq increased 0.42 percent to close at 6,986.07.
According to TD Ameritrade’s Chief Market Strategist, JJ Kinahan, “Retailers are having a bad morning, and that’s obviously weighing on markets today.” However, the market appears to see this as a company-specific issue rather than a comment on the broader economy, and said that “the recent selloff was all about uncertainty over trade and growth.”
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Twitter's stock moved 2.6% higher Thursday, to close the day at $33.09. The stock recorded a trading volume of 30,493,915 shares, which was above its three months average volume of 24,734,120 shares. In the last year, Twitter's shares have traded in a range of 22.04 - 47.79. The share price has gained 50.14% 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 $31.67 is below its 200-day moving average of $33.64. Shares of the company are trading at a Price to Earnings ratio of 24.40. Shares of Twitter have fallen roughly 1.02 percent in the past month and are up 16.39 percent year-to-date.
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On Thursday, shares of iQIYI recorded a trading volume of 16,011,927 shares, which was above the three months average volume of 8,621,271 shares. The stock ended the day 5.03% higher at $18.16. The share price has fallen 60.72% from its 52 week high with a 52 week trading range of 14.35 - 46.23. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $17.65 is below its 200-day moving average of $25.18. Shares of the company are trading at a Price to Earnings ratio of 17.13. Shares of iQIYI have gained roughly 0.83 percent in the past month and are up 18.15 percent year-to-date.
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