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.
RDI Initiates Coverage on:
Cypress Semiconductor Corporation
Xilinx's stock moved 0.29% higher Tuesday, to close the day at $80.19. The stock recorded a trading volume of 2,355,008 shares, which was above its three months average volume of 2,080,320 shares. In the last year, Xilinx's shares have traded in a range of 62.27 - 81.26. The share price has gained 28.78% 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 $76.17 is above its 200-day moving average of $70.95. Shares of the company are trading at a Price to Earnings ratio of 37.52. Shares of Xilinx have gained roughly 3.03 percent in the past month and are up 18.94 percent year-to-date.
Access RDI's Xilinx, Inc. Research Report at:
On Tuesday, shares of Cypress Semiconductor recorded a trading volume of 3,672,863 shares, which was below the three months average volume of 5,513,584 shares. The stock ended the day 0.35% higher at $14.40. The share price has fallen 23.69% from its 52 week high with a 52 week trading range of 14.17 - 18.87. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $15.96 is below its 200-day moving average of $16.54. Shares of the company are trading at a Price to Earnings ratio of 320.00. Shares of Cypress Semiconductor have fallen roughly 16.33 percent in the past month and are down 5.51 percent year-to-date.
Access RDI's Cypress Semiconductor Corporation Research Report at:
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