NEW YORK, NY / ACCESSWIRE / September 28, 2018 / U.S. markets finished higher on Thursday as the jobless claims increase was smaller than expected and second quarter GDP rose 3.1%, marking the best growth in 2 years. The Dow Jones Industrial Average gained 0.21 percent to close at 26,439.93, while the S&P 500 Index jumped 0.28 percent to close at 2,914.00. The Nasdaq Composite Index climbed 0.65 percent to close at 8,041.97.
''Today's stock market gains look to me like a relief rally following yesterday's Fed meeting. The biggest risk yesterday had been that the 10- and 30-year yields, which were retesting their May highs near 3.12% and 3.24% respectively, would break out on hawkish Fed news which could spark a stock market selloff as occurred back in February,'' according to Colin Cieszynski, chief market strategist at SIA Wealth Management. ''Treasury yields have dropped off since the Fed meeting, taking some of the recent pressure off of stocks and enabling indices to rebound,'' Cieszynski added.
RDI Initiates Coverage on:
LG Display Co., Ltd.
Apple's stock moved 2.06% higher Thursday, to close the day at $224.95. The stock recorded a trading volume of 26,197,566 shares, which was below its three months average volume of 27,886,348 shares. In the last year, Apple's shares have traded in a range of 150.24 - 229.67. The share price has gained 49.73% 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 $218.36 is above its 200-day moving average of $192.15. Shares of the company are trading at a Price to Earnings ratio of 20.38. Shares of Apple have gained roughly 3.22 percent in the past month and are up 32.93 percent year-to-date.
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On Thursday, shares of LG Display recorded a trading volume of 403,428 shares, which was below the three months average volume of 756,543 shares. The stock ended the day 3.06% higher at $8.77. The share price has fallen 44.77% 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 $9.32 is below its 200-day moving average of $10.15. Shares of the company are trading at a Price to Earnings ratio of 57.51. Shares of LG Display have fallen roughly 7.88 percent in the past month and are down 36.26 percent year-to-date.
Access RDI's LG Display Co., Ltd. Research Report at:
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