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:
NuStar Energy L.P.
Holly Energy Partners, L.P.
NuStar Energy’s stock jumped 3.65% Thursday, to close the day at $24.39. The stock recorded a trading volume of 705,581 shares, which was above its three months average volume of 653,980 shares. In the last year, NuStar Energy’s shares have traded in a range of 19.22 - 35.91. The share price has gained 26.9% 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 $24.17 is below its 200-day moving average of $25.60. Shares of NuStar Energy have fallen roughly 2.09 percent in the past month and are down 18.56 percent year-to-date.
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On Thursday, shares of Holly Energy Partners recorded a trading volume of 444,109 shares, which was above the three months average volume of 177,857 shares. The stock ended the day 5.31% higher at $30.17. The share price has fallen 12.85% from its 52 week high with a 52 week trading range of 26.09 - 34.62. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $28.98 is below its 200-day moving average of $29.99. Shares of the company are trading at a Price to Earnings ratio of 14.03. Shares of Holly Energy Partners have gained roughly 3.71 percent in the past month and are down 7.14 percent year-to-date.
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SOURCE: The Market Edge