NEW YORK, NY / ACCESSWIRE / October 15, 2018 / U.S. markets bounced on Friday, erasing some of the losses for the week, as the third quarter earnings season kicked off. The Dow Jones Industrial Average jumped 1.15 percent to close at 25,339.99, while the S&P 500 Index increased 1.42 percent to close at 2,767.13. The Nasdaq Composite Index closed up 2.29 percent to close at 7,496.89.
According to Michael Arone, chief investment strategist for State Street Global Advisors, “Solid earnings helped investors
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Weibo's stock jumped 6.84% Friday, to close the day at $59.64. The stock recorded a trading volume of 2,986,213 shares, which was above its three months average volume of 2,331,101 shares. In the last year, Weibo's shares have traded in a range of 54.36 - 142.12. The share price has gained 9.71% 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 $71.52 is below its 200-day moving average of $92.81. Shares of the company are trading at a Price to Earnings ratio of 28.69. Shares of Weibo have fallen roughly 18.14 percent in the past month and are down 42.35 percent year-to-date.
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On Friday, shares of Momo recorded a trading volume of 5,248,202 shares, which was above the three months average volume of 4,340,243 shares. The stock ended the day 6.03% higher at $37.65. The share price has fallen 30.59% from its 52
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