NEW YORK, NY / ACCESSWIRE / January 23, 2019 / U.S. markets declined on Tuesday, breaking a streak of four consecutive days in the green, on growing trade concerns. Stocks were pressured lower on reports that U.S. officials turned down an offer from China to hold a preliminary meeting on trade negotiations, which was later denied by White House adviser Larry Kudlow. The Dow Jones Industrial Average plunged 1.22 percent to settle at 24,404.48, while the S&P 500 shed 1.42 percent to close at 2,632.90. The Nasdaq ended 1.91 lower to settle at 7,020.36.
“Traders are looking at headlines saying that the U.S. and China aren’t making progress on intellectual property, that China is pushing ahead with its ‘Made in China 2025’ strategy,” and there a slowdown in global growth, said Michael O’Rourke, chief market strategist at JonesTrading.
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Amazon.com's stock moved 3.77% lower Tuesday, to close the day at $1,632.17. The stock recorded a trading volume of 6,413,733 shares, which was below its three months average volume of 7,425,487 shares. In the last year, Amazon.com's shares have traded in a range of 1,265.93 - 2,050.50. The share price has gained 28.93% 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 $1,594.66 is below its 200-day moving average of $1,760.02. Shares of the company are trading at a Price to Earnings ratio of 91.45. Shares of Amazon.com have gained roughly 18.49 percent in the past month and are up 8.67 percent year-to-date.
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On Tuesday, shares of eBay recorded a trading volume of 56,369,342 shares, which was above the three months average volume of 13,508,256 shares. The stock ended the day 6.13% higher at $32.90. The share price has fallen 29.99% from its 52 week high with a 52 week trading range of 26.01 - 46.99. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $29.12 is below its 200-day moving average of $31.72. Shares of eBay have gained roughly 23.78 percent in the past month and are up 17.21 percent year-to-date.
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