NEW YORK, NY / ACCESSWIRE / August 9, 2018 / U.S. equities were mixed on Wednesday as a result of disappointing corporate earnings combined with the latest trade news. The Dow Jones Industrial Average decreased 0.18 percent to close at 25,583.75, while the S&P 500 Index fell 0.03 percent to close at 2,857.70. The Nasdaq Composite Index climbed 0.06 percent to close at 7,888.33.
"Markets are heading into one of the slowest trading periods and it's not surprising to see small moves in either direction in the absence of big news," said chief market strategist, at Prudential Financial, Quincy Krosby. "With the earnings season almost over, investors will continue to react to trade-related headlines, which may take another full month before we get some news in mid-September," Krosby added.
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Amazon.com's stock moved 1.29% higher Wednesday, to close the day at $1,886.52. The stock recorded a trading volume of 3,627,072 shares, which was below its three months average volume of 3,955,746 shares. In the last year, Amazon.com's shares have traded in a range of 931.75 - 1,891.50. The share price has gained 102.47% 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 $1,771.13 is above its 200-day moving average of $1,587.86. Shares of the company are trading at a Price to Earnings ratio of 149.40. Shares of Amazon.com have gained roughly 10.28 percent in the past month and are up 61.31 percent year-to-date.
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On Wednesday, shares of MercadoLibre recorded a trading volume of 646,699 shares, which was below the three months average volume of 866,223 shares. The stock ended the day 0.86% lower at $344.43. The share price has fallen 17.58% from its 52 week high with a 52 week trading range of 217.06 - 417.91. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $327.04 is below its 200-day moving average of $340.00. Shares of MercadoLibre have gained roughly 10.07 percent in the past month and are up 9.46 percent year-to-date.
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