NEW YORK, NY / ACCESSWIRE / December 11, 2018 / Wall Street bounced on Monday as optimism outweighed earlier losses caused by the U.S. - China trade dispute. Analysts expect the Federal Reserve to raise interest rates during their next meeting. The Dow Jones Industrial Average gained 0.14 percent to close at 24,423.26, while the S&P 500 Index increased 0.18 percent to close at 2,637.72. The Nasdaq Composite Index jumped 0.74 percent to close at 7,020.52.
“There won’t be 25% tariffs on Jan. 1, and momentum toward a deal appears to be building, as the jobs report was solid but not too hot, while ISM Manufacturing PMIs were strong, and the Fed is shifting more and more dovish,” said Tom Essaye, the president and editor of the Sevens Report.
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Splunk's stock moved 2.59% higher Monday, to close the day at $108.40. The stock recorded a trading volume of 1,985,080 shares, which was below its three months average volume of 2,721,006 shares. In the last year, Splunk's shares have traded in a range of 79.21 - 130.00. The share price has gained 36.85% 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 $113.37 is below its 200-day moving average of $109.54. Shares of Splunk have gained roughly 10.01 percent in the past month and are up 30.85 percent year-to-date.
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On Monday, shares of Veritone recorded a trading volume of 3,362,192 shares, which was above the three months average volume of 219,650 shares. The stock ended the day 22.47% higher at $6.89. The share price has fallen 75.33% from its 52 week high with a 52 week trading range of 4.95 - 27.95. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $6.46 is below its 200-day moving average of $12.48. Shares of Veritone have fallen roughly 1.92 percent in the past month and are down 70.28 percent year-to-date.
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SOURCE: The Market Edge