NEW YORK, NY / ACCESSWIRE / July 20, 2018 / U.S. indexes ended their five day winning streak, which was spurred by strong corporate earnings, as losses from the financial sector dragged markets lower on Thursday. The Dow Jones Industrial Average dropped 0.53 percent to close at 25,064.50, while the S&P 500 Index was down 0.40 percent to close at 2,804.49. The Nasdaq Composite Index shed 0.37 percent to close at 7,825.30.
"Equity benchmarks are reacting to some disappointing earnings releases today, but we should note that overall moves are modest," according to Matthew Forester, chief investment officer at BNY Mellon's Lockwood Advisors. "Since 2012, the large chunk of equity gains came during the earnings season and we expect this to be the case this year," Forester added.
RDI Initiates Coverage on:
LG Display Co., Ltd.
Apple's stock moved 0.78% higher Thursday, to close the day at $191.88. The stock recorded a trading volume of 16,743,943 shares, which was below its three months average volume of 26,149,958 shares. In the last year, Apple's shares have traded in a range of 147.30 - 194.20. The share price has gained 30.26% 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 $188.68 is above its 200-day moving average of $177.97. Shares of the company are trading at a Price to Earnings ratio of 18.56. Shares of Apple have gained roughly 3.33 percent in the past month and are up 13.38 percent year-to-date.
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On Thursday, shares of LG Display Co., recorded a trading volume of 2,023,976 shares, which was above the three months average volume of 830,150 shares. The stock ended the day 4.23% higher at $9.37. The share price has fallen 40.99% from its 52-week high with a 52-week trading range of 7.77 - 15.88. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $9.20 is below its 200-day moving average of $11.81. Shares of the company are trading at a Price to Earnings ratio of 6.72. Shares of LG Display Co., have gained roughly 5.04 percent in the past month and are down 31.9 percent year-to-date.
Access RDI's LG Display Co., Ltd. Research Report at:
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