NEW YORK, NY / ACCESSWIRE / July 18, 2018 / U.S. stocks closed up on Tuesday, as the Federal Reserve announced that it would be flexible in the face of changing conditions and will not move too quickly on changing monetary policy. Fresh round of corporate earnings along with central bank's comforting words help lift market enthusiasm. The Dow Jones Industrial Average gained 0.22 percent to close at 25,119.89, while the S&P 500 Index was up 0.40 percent to close at 2,809.55. The Nasdaq Composite Index increased 0.63 percent to close at 7,855.12.
"We've had a lull in trade talk, which has allowed investors to focus on earnings. In order for earnings to really provide a boost to stocks, we'd have to exceed expectations, and the potential for that is there," said chief market strategist at Ameriprise Financial, David Joy. "Recent momentum has been positive," he added.
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Box's stock jumped 3.64% Tuesday, to close the day at $27.32. The stock recorded a trading volume of 4,607,226 shares, which was below its three months average volume of 5,265,059 shares. In the last year, Box's shares have traded in a range of 17.25 - 29.79. The share price has gained 58.38% 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 $26.78 is above its 200-day moving average of $23.02. Shares of Box have gained roughly 2.02 percent in the past month and are up 29.36 percent year-to-date.
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On Tuesday, shares of Okta recorded a trading volume of 1,301,963 shares, which was below the three months average volume of 2,345,093 shares. The stock ended the day 3.26% higher at $55.83. The share price has fallen 8.48% from its 52 week high with a 52 week trading range of 21.52 - 61.00. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $51.92 is above its 200-day moving average of $39.44. Shares of Okta have gained roughly 2.48 percent in the past month and are up 118 percent year-to-date.
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