NEW YORK, NY / ACCESSWIRE / October 23, 2018 / Major U.S. equities finished lower Monday on a combination of rising interest rates and global growth concerns. Investors await a flood of corporate earnings this week as over 150 companies are scheduled to release earnings. The Dow Jones Industrial Average dropped 0.5 percent to close at 25,317.41, while the S&P 500 Index declined 0.43 percent to close at 2,755.88. The Nasdaq Composite Index gained 0.26 percent to close at 7,468.63.
"You need the market to calm down for investors to jump back in," according to Jeremy Klein, the chief market strategist at FBN Securities. "Hopefully, earnings will help with that," Klein added.
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Weibo's stock jumped 6.81% Monday, to close the day at $60.87. The stock recorded a trading volume of 3,270,333 shares, which was above its three months average volume of 2,420,212 shares. In the last year, Weibo's shares have traded in a range of 54.36 - 142.12. The share price has gained 11.98% 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 $68.75 is below its 200-day moving average of $90.78. Shares of the company are trading at a Price to Earnings ratio of 29.28. Shares of Weibo have fallen roughly 21.65 percent in the past month and are down 41.17 percent year-to-date.
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On Monday, shares of Momo recorded a trading volume of 6,679,502 shares, which was above the three months average volume of 4,514,409 shares. The stock ended the day 5.32% higher at $32.08. The share price has fallen 40.86% from its 52
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