NEW YORK, NY / ACCESSWIRE / January 10, 2019 / U.S. markets rose for the fourth consecutive session on Wednesday as minutes released from the Federal Reserve's meeting in December showed the Fed would be “patient” when it came to interest rate hikes. The Dow Jones Industrial Average gained 0.39 percent to close at 23,879.12, while the S&P 500 Index rose 0.41 percent to settle at 2,584.96. The Nasdaq Composite Index surged 0.87 percent to close at 6,957.08.
"All the minutes are doing is confirming what they had already hinted at," said Larry McDonald, editor of The Bear Traps Report. "The Fed speak before the minutes was like a fire hose to calm down the markets."
The Market Edge Initiates Coverage on:
Intuitive Surgical, Inc.
Intuitive Surgical's stock jumped 7.06% Wednesday, to close the day at $517.11. The stock recorded a trading volume of 1,436,415 shares, which was above its three months average volume of 903,334 shares. In the last year, Intuitive Surgical's shares have traded in a range of 380.00 - 581.12. The share price has gained 36.43% 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 $491.89 is below its 200-day moving average of $517.38. Shares of the company are trading at a Price to Earnings ratio of 77.25. Shares of Intuitive Surgical have gained roughly 5.17 percent in the past month and are up 7.97 percent year-to-date.
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On Wednesday, shares of Masimo recorded a trading volume of 657,521 shares, which was above the three months average volume of 472,425 shares. The stock ended the day 5.82% higher at $112.11. The share price has fallen 11.65% from its 52
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