NEW YORK, NY / ACCESSWIRE / January 22, 2019 /U.S. markets closed up on Friday for the fourth consecutive session amidst optimism over the U.S.-China trade talk. The Dow Jones advanced 1.38 percent to settle at 24,706.35, while the S&P 500 surged by 1.32 to close at 2,670.71. The Nasdaq jumped 1.03 percent to settle at 7,157.23.
“With the shutdown slowly taking 0.1 percentage point of GDP each week, the president knows a victory in resolving the trade war can give him leverage on continuing his battle with Democrats on his border wall funding,” said market analyst at OANDA, Edward Moya.
The Market Wealth Report Initiates Coverage on:
Southwestern Energy Company
SM Energy Company
Southwestern Energy Company's stock jumped 3.15% Friday, to close the day at $4.59. The stock recorded a trading volume of 16,633,706 shares, which was below its three months average volume of 20,693,409 shares. In the last year, Southwestern Energy Company's shares have traded in a range of 3.23 - 6.23. The share price has gained 42.11% 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 $4.03 is below its 200-day moving average of $5.02. Shares of the company are trading at a Price to Earnings ratio of 5.22. Shares of Southwestern Energy Company have gained roughly 26.8 percent in the past month and are up 34.6 percent year-to-date.
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On Friday, shares of SM Energy Company recorded a trading volume of 3,316,878 shares, which was above the three months average volume of 2,846,840 shares. The stock ended the day 3.98% higher at $21.14. The share price has fallen 37.38% from its 52 week high with a 52 week trading range of 13.15 - 33.76. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $17.68 is below its 200-day moving average of $25.23. Shares of the company are trading at a Price to Earnings ratio of 13.82. Shares of SM Energy Company have gained roughly 29.61 percent in the past month and are up 36.56 percent year-to-date.
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SOURCE: Market Wealth Report