NEW YORK, NY / ACCESSWIRE / June 20, 2018 / U.S. equities slumped on Tuesday as global trade concerns grew after President Trump threatened to impose an additional $400 billion in tariffs on goods from China. The Dow Jones Industrial Average plunged 1.15 percent to close at 24,700.21, while the S&P 500 Index declined 0.40 percent to close at 2,762.59. The Nasdaq Composite Index dropped 0.28 percent to close at 7,725.58.
''This is bad ... real bad, unless this is gamesmanship as in the so called 'Art of the Deal.' Either way, U.S. companies are more protected from market fallout from trade barriers than other developed countries, which has allowed the U.S. to take charge on these tariffs,'' said Voya Investment Management strategists Doug Coté and Karyn Cavanaugh.
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Oracle's stock moved 0.54% lower Tuesday, to close the day at $46.27. The stock recorded a trading volume of 22,764,939 shares, which was above its three months average volume of 15,639,809 shares. In the last year, Oracle's shares have traded in a range of 44.04 - 53.48. The share price has gained 5.06% 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 $46.76 is below its 200-day moving average of $48.20. Shares of the company are trading at a Price to Earnings ratio of 54.12. Shares of Oracle have fallen roughly 0.11 percent in the past month and are down 2.14 percent year-to-date.
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On Tuesday, shares of Synaptics recorded a trading volume of 454,502 shares, which was below the three months average volume of 714,162 shares. The stock ended the day 0.61% lower at $48.84. The share price has fallen 20.17% from its 52 week high with a 52 week trading range of 33.73 - 61.18. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $43.98 is below its 200-day moving average of $44.10. Shares of Synaptics have gained roughly 14.73 percent in the past month and are up 22.28 percent year-to-date.
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