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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YY's stock jumped 4.03% Monday, to close the day at $61.51. The stock recorded a trading volume of 1,077,979 shares, which was below its three months average volume of 1,456,443 shares. In the last year, YY's shares have traded in a range of 58.65 - 142.97. The share price has gained 4.88% 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 $71.31 is below its 200-day moving average of $91.37. Shares of the company are trading at a Price to Earnings ratio of 15.10. Shares of YY have fallen roughly 17.87 percent in the past month and are down 45.6 percent year-to-date.
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On Monday, shares of 58.com recorded a trading volume of 900,742 shares, which was below the three months average volume of 1,191,123 shares. The stock ended the day 3.98% higher at $64.75. The share price has fallen 27.98% from its 52
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