NEW YORK, NY / ACCESSWIRE / October 19, 2018 / U.S. equities plunged on Thursday as worries over global growth weighed on the broader market and investors continued to digest the minutes from the Federal Reserve. The Dow Jones Industrial Average shed 1.27 percent to close at 25,379.45, while the S&P 500 Index dropped 1.44 percent to close at 2,768.78. The Nasdaq Composite Index declined 2.06 percent to close at 7,485.14.
"To me, this reflects a lack of trust in the Federal Reserve," said president at Icon Funds, Craig Callahan. "The market fears the Fed will over-tighten," he added.
RDI Initiates Coverage on:
Verizon Communications Inc.
AT&T's stock moved 0.21% lower Thursday, to close the day at $32.50. The stock recorded a trading volume of 30,724,973 shares, which was below its three months average volume of 33,830,993 shares. In the last year, AT&T's shares have traded in a range of 30.13 - 39.33. The share price has gained 7.87% 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 $33.06 is above its 200-day moving average of $32.87. Shares of the company are trading at a Price to Earnings ratio of 6.35. Shares of AT&T have fallen roughly 3.62 percent in the past month and are down 16.41 percent year-to-date.
Access RDI's AT&T Inc. Research Report at:
On Thursday, shares of Verizon Communications recorded a trading volume of 16,865,074 shares, which was above the three months average volume of 13,964,453 shares. The stock ended the day 1.28% higher at $54.65. The share price has fallen 2.24% from its 52 week high with a 52 week trading range of 43.97 - 55.90. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $54.15 is above its 200-day moving average of $51.01. Shares of the company are trading at a Price to Earnings ratio of 7.25. Shares of Verizon Communications have gained roughly 0.48 percent in the past month and are up 3.25 percent year-to-date.
Access RDI's Verizon Communications Inc. Research Report at:
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