NEW YORK, NY / ACCESSWIRE / July 25 2018 / U.S. markets finished moderately higher on Tuesday, fueled by strong corporate earnings as Google quarterly results topped expectations. The Dow Jones Industrial Average gained 0.79 percent to close at 25,241.94, while the S&P 500 Index was up 0.48 percent to close at 2,820.40. The Nasdaq Composite Index decreased 0.01 percent to close at 7,840.77.
''This quarter is shaping up to be another barnburner of a quarter. We're seeing a very large percentage of companies beating expectations and we don't think we've seen a peak yet,'' said portfolio manager at TrimTabs Asset Management, Janet Johnston.
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Vale's stock jumped 4.56% Tuesday, to close the day at $13.77. The stock recorded a trading volume of 27,399,779 shares, which was above its three months average volume of 21,107,300 shares. In the last year, Vale's shares have traded in a range of 9.24 - 15.24. The share price has gained 49.03% 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 $13.18 is below its 200-day moving average of $13.38. Shares of the company are trading at a Price to Earnings ratio of 18.31. Shares of Vale have gained roughly 7.49 percent in the past month and are up 12.59 percent year-to-date.
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On Tuesday, shares of Rio Tinto recorded a trading volume of 5,503,327 shares, which was above the three months average volume of 2,700,530 shares. The stock ended the day 3.87% higher at $55.88. The share price has fallen 7.97% from its 52 week high with a 52 week trading range of 43.88 - 60.72. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $55.84 is above its 200-day moving average of $55.17. Shares of the company are trading at a Price to Earnings ratio of 11.48. Shares of Rio Tinto have gained roughly 0.76 percent in the past month and are up 5.57 percent year-to-date.
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