NEW YORK, NY / ACCESSWIRE / December 5, 2018 / U.S. equities plunged on Tuesday as skepticism over the U.S. and China’s ability to close a trade agreement weighed on the markets. The Dow Jones Industrial Average fell 3.10 percent to close at 25,027.07, while the S&P 500 Index decreased 3.24 percent to close at 2,700.06. The Nasdaq Composite Index dropped 3.8 percent to close at 7,158.43.
Chief investment strategist at Northwestern Mutual Wealth Management Company, Brent Schutte said, “The market is reassessing if anything tangible happened at the Trump-Xi dinner.”
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Walmart's stock moved 2.98% lower Tuesday, to close the day at $95.81. The stock recorded a trading volume of 10,426,289 shares, which was above its three months average volume of 8,510,178 shares. In the last year, Walmart's shares have traded in a range of 81.78 - 109.98. The share price has gained 17.16% 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 $98.93 is above its 200-day moving average of $92.15. Shares of the company are trading at a Price to Earnings ratio of 54.72. Shares of Walmart have fallen roughly 5.46 percent in the past month and are down 2.98 percent year-to-date.
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On Tuesday, shares of Target recorded a trading volume of 9,762,023 shares, which was above the three months average volume of 5,353,053 shares. The stock ended the day 4.19% lower at $69.31. The share price has fallen 23.32% from its 52 week high with a 52 week trading range of 60.45 - 90.39. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $80.35 is below its 200-day moving average of $81.02. Shares of the company are trading at a Price to Earnings ratio of 11.50. Shares of Target have fallen roughly 17.89 percent in the past month and are up 6.22 percent year-to-date.
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