NEW YORK, NY / ACCESSWIRE / November 9, 2018 / U.S. stocks retreated on Thursday after the Fed left interest rates unchanged and signaled that it would continue to tighten monetary policy at a gradual pace. The Dow Jones Industrial Average gained 0.04 percent to close at 26,191.22, while the S&P 500 Index shed 0.25 percent to close at 2,806.83. The Nasdaq Composite Index decreased 0.53 percent higher to close at 7,530.89.
Charlie Ripley, senior investment strategist at Allianz Investment Management said
“With only minimal changes to the statement the Fed is remaining vague about policy changes going forward and likely giving the committee more optionality in a changing market environment,” he added.
RDI Initiates Coverage on:
Synaptics' stock moved 3.19% lower Thursday, to close the day at $34.93. The stock recorded a trading volume of 1,278,498 shares, which was above its three months average volume of 542,504 shares. In the last year, Synaptics' shares have traded in a range of 34.67 - 55.25. The share price has gained 0.75% 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 $40.04 is below its 200-day moving average of $44.90. Shares of Synaptics have fallen roughly 10.64 percent in the past month and are down 12.54 percent year-to-date.
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On Thursday, shares of salesforce.com recorded a trading volume of 3,986,674 shares, which was below the three months average volume of 5,765,724 shares. The stock ended the day 0.06% higher at $141.87. The share price has fallen 11.99% from its 52
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