NEW YORK, NY / ACCESSWIRE / July 24, 2018 / Wall Street closed mostly higher on Monday, spurred by gains from financials and tech sectors, while the Dow Jones posted its 3rd consecutive daily drop. The Dow Jones Industrial Average dropped 0.06 percent to close at 25,044.29, while the S&P 500 Index was up 0.18 percent to close at 2,806.98. The Nasdaq Composite Index increased 0.28 percent to close at 7,841.87.
"Banks are helping boost the indices today in an otherwise lackluster session. Trump’s Fed bashing has helped steepen the yield curve, creating a slightly more positive profit dynamic for banks," said chief investment officer at Cresset Wealth Advisors, Jack Ablin.
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AT&T's stock moved 0.32% lower Monday, to close the day at $31.00. The stock recorded a trading volume of 37,293,282 shares, which was below its three months average volume of 43,425,466 shares. In the last year, AT&T's shares have traded in a range of 30.80 - 39.80. The share price has gained 0.65% 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 $32.35 is below its 200-day moving average of $34.65. Shares of the company are trading at a Price to Earnings ratio of 6.25. Shares of AT&T have fallen roughly 2.18 percent in the past month and are down 20.27 percent year-to-date.
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On Monday, shares of Infinera recorded a trading volume of 1,266,426 shares, which was below the three months average volume of 1,388,133 shares. The stock ended the day 1.45% lower at $8.84. The share price has fallen 28.65% from its 52-week high with a 52-week trading range of 6.10 - 12.39. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $9.53 is below its 200-day moving average of $9.69. Shares of Infinera have fallen roughly 5.86 percent in the past month and are up 39.65 percent year-to-date.
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