NEW YORK, NY / ACCESSWIRE / November 8, 2018 / U.S. markets advanced on Wednesday as the midterm election results went according to market expectations. The Democrats took over the House, while the Republicans remained in control of the Senate. The Dow Jones Industrial Average jumped 2.13 percent to close at 26,180.30, while the S&P 500 Index hiked 2.12 percent to close at 2,813.89. The Nasdaq Composite Index closed 2.64 percent higher to close at 7,570.75.
“As President Trump plans his 2020 reelection campaign, a gridlocked Congress is unlikely to deliver any notable wins to help expand his agenda. Therefore, Trump will likely focus on his broad executive powers to affect trade and national security,” said Sun Life Investment Management managing director, investment strategy, Dec Mullarkey.
RDI Initiates Coverage on:
Wynn Resorts, Limited
Las Vegas Sands Corp.
Wynn Resorts' stock jumped 3.92% Wednesday, to close the day at $113.99. The stock recorded a trading volume of 5,263,116 shares, which was above its three months average volume of 2,713,233 shares. In the last year, Wynn Resorts' shares have traded in a range of 92.50 - 203.63. The share price has gained 23.23% 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 $117.39 is below its 200-day moving average of $154.13. Shares of the company are trading at a Price to Earnings ratio of 22.70. Shares of Wynn Resorts have fallen roughly 5.5 percent in the past month and are down 32.39 percent year-to-date.
Access RDI's Wynn Resorts, Limited Research Report at:
On Wednesday, shares of Las Vegas Sands recorded a trading volume of 5,417,942 shares, which was above the three months average volume of 4,888,270 shares. The stock ended the day 2.09% higher at $56.57. The share price has fallen 30.55% from its 52
Access RDI's Las Vegas Sands Corp. Research Report at:
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