NEW YORK, NY / ACCESSWIRE / July 12, 2017 / On Tuesday, U.S. markets appeared to be influenced by the events in Washington, driving investors to be concerned then hopeful over prospects of the current administration's economic agenda. The Dow Jones Industrial Average gained 0.55 point closed at 21,409.07, while the S&P 500 Index declined 0.08 percent to close at 2,425.53. The NASDAQ Composite Index increased 0.27 percent to close at 6,193.30.
"It's a play off hope. We had something that might be negative and now we have something that might be positive," said Brad McMillan, Chief Investment Officer for Commonwealth Financial in Waltham, Massachusetts.
"Investors are sitting on their hands waiting to see what's pushing the next move," said Michael O'Rourke, Chief Market Strategist at JonesTrading in Greenwich, Connecticut. "They're not seeing any reason to be enthusiastically buying stocks so close to a high."
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Twitter Inc.'s stock moved 3.10% higher Tuesday, to close the day at $18.64. The stock recorded a trading volume of 18,110,911 shares, which was below its three months average volume of 18,223,200 shares. In the last year Twitter Inc.'s shares have traded in a range of 14.12 - 25.25. The share price has gained 32.01% from its 52 week low. The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $17.93 is greater than its 200-day moving average of $16.73. Shares of Twitter have gained approximately 14.36 percent year-to-date.
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On Tuesday, shares in Yelp Inc. recorded a trading volume of 5,075,411 shares, which was above the three months average volume of 3,640,520 shares. The stock ended the day 3.15% higher at 31.11. The share price has gained 15.52% from its 52 week low with a 52 week trading range of 26.93 - 43.41.The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $29.25 is below its 200-day moving average of $34.46. Shares of the company are trading at a Price to Earnings ratio of 420.41. Shares of Yelp have fallen approximately 18.41 percent year-to-date.
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