NEW YORK, NY / ACCESSWIRE / May 23, 2018 / U.S. markets fell Tuesday on geopolitical concerns after President Trump stated he was not happy with the current U.S. – China trade talks. The Dow Jones Industrial Average declined 0.72 percent to close at 24,834.41, while the S&P 500 Index declined 0.31 percent to close at 2,724.44. The Nasdaq Composite Index declined 0.21 percent to close at 7,378.46.
"For the moment, investors are taking a wait-and-see attitude with respect to the [trade] negotiations, especially with the other geopolitical issues weighing on the market," said Jeff Kravetz, regional investment strategist at U.S. Bank Wealth Management, according to CNBC.
RDI Initiates Coverage on:
Bank of America Corporation
Bank of America's stock moved 1.11% higher Tuesday, to close the day at $30.89. The stock recorded a trading volume of 61,103,045 shares, which was below its three months average volume of 66,733,908 shares. In the last year, Bank of America's shares have traded in a range of 22.07 - 33.05. The share price has gained 39.96% 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 $30.19 is greater than its 200-day moving average of $30.16. Shares of Bank of America are trading at a Price to Earnings ratio of 17.92. Shares of Bank of America have gained roughly 2.08 percent in the past month and are up 4.64 percent year-to-date.
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On Tuesday, shares of Citigroup recorded a trading volume of 14,147,149 shares, which was below the three months average volume of 17,116,919 shares. The stock ended the day 0.92% higher at 71.08. The share price has gained 18.72% from its 52-week low with a 52-week trading range of 59.87 - 80.70. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $70.07 is below its 200-day moving average of $73.44. Shares of Citigroup have gained roughly 1.54 percent in the past month and are down 4.48 percent year-to-date.
Access RDI's Citigroup, Inc. Research Report at:
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