NEW YORK, NY / ACCESSWIRE / May 21, 2018 / U.S. markets finished lower on Friday, and posted weekly drop as uncertainty on trade negotiations linger on the market. The Dow Jones Industrial Average was flat to close at 24,715.09, while the S&P 500 Index declined 0.26 percent to close at 2,712.97. The Nasdaq Composite Index fell 0.38 percent to close at 7,354.34.
"I don't think this is the warning sign others seem to — I'm in the camp that the rising yield reflects an improving economy — but I am concerned about tariffs and trade policy. To me, that's the biggest risk, and we need to see whether the negotiation process results in fairer policy," said Lance James, who manages about $3 billion as a senior portfolio manager of U.S. equities at RBC Global Asset Management.
RDI Initiates Coverage on:
Johnson & Johnson
The Procter & Gamble Company
Johnson & Johnson's stock moved 0.31% higher Friday, to close the day at $124.24. The stock recorded a trading volume of 5,433,919 shares, which was below its three months average volume of 6,755,769 shares. In the last year, Johnson & Johnson's shares have traded in a range of 121.28 - 148.32. The share price has gained 2.44% 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 $126.94 is below its 200-day moving average of $134.49. Shares of the company are trading at a Price to Earnings ratio of 262.11. Shares of Johnson & Johnson have fallen roughly 1.91 percent in the past month and are down 11.08 percent year-to-date.
Access RDI's Johnson & Johnson Research Report at:
On Friday, shares of The Procter & Gamble recorded a trading volume of 7,042,725 shares, which was below the three months average volume of 9,794,472 shares. The stock ended the day 0.69% lower at $73.45. The share price has fallen 22.41% from its 52-week high with a 52-week trading range of 70.73 - 94.67. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $74.83 is below its 200-day moving average of $83.e06. Shares of the company are trading at a Price to Earnings ratio of 19.59. Shares of The Procter & Gamble have fallen roughly 0.47 percent in the past month and are down 20.06 percent year-to-date.
Access RDI's The Procter & Gamble Company Research Report at:
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