NEW YORK, NY / ACCESSWIRE / October 3, 2018 / Wall Street closed mostly lower on Tuesday with the Dow Jones posting its fourth consecutive daily gain, however broader market dropped over trade related concerns. The Dow Jones Industrial Average gained 0.46 percent to close at 26,773.94, its 14th record close for 2018 fueled by gains in Intel Corp and Caterpillar Inc. The S&P 500 Index shed 0.04 percent to close at 2,923.43, while the Nasdaq Composite Index dropped 0.47 percent to close at 7,999.55.
“U.S. stocks are mixed with the global markets looking past yesterday’s trade agreement with Canada, as the U.S./China relationship remains contentious,” said Charles Schwab analysts. “Records in the U.S. stock market do not, in our view, mean that investors should get more aggressive in their investment stance. High expectations, elevated investor sentiment, trade disputes, and the possibility of a monetary mistake lead us to take a more cautious stance,” said the analysts.
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Facebook's stock moved 1.91% lower Tuesday, to close the day at $159.33. The stock recorded a trading volume of 31,918,887 shares, which was above its three months average volume of 26,915,659 shares. In the last year, Facebook's shares have traded in a range of 149.02 - 218.62. The share price has gained 6.92% 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 $169.26 is below its 200-day moving average of $179.54. Shares of the company are trading at a Price to Earnings ratio of 24.65. Shares of Facebook have fallen roughly 9.33 percent in the past month and are down 9.71 percent year-to-date.
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On Tuesday, shares of Baidu recorded a trading volume of 3,731,171 shares, which was above the three months average volume of 3,085,154 shares. The stock ended the day 3.74% lower at $218.90. The share price has fallen 22.98% from its 52 week high with a 52 week trading range of 207.74 - 284.22. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $222.30 is below its 200-day moving average of $241.78. Shares of the company are trading at a Price to Earnings ratio of 19.88. Shares of Baidu have fallen roughly 3.35 percent in the past month and are down 6.54 percent year-to-date.
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