NEW YORK, NY / ACCESSWIRE / January 30, 2019 /U.S. markets were mostly down Tuesday on the latest batch of corporate earnings and as investors await details from the Feds' two-day policy meeting. The Dow Jones Industrial Average was up 0.21 percent to close at 24,579.96, led higher by 3M and Pfizer, while the S&P 500 fell 0.15 percent to settle at 2,640. The Nasdaq plunged 0.81 percent 7,028.29.
Lewis Alexander, The Chief U.S. economist at Nomura said, “Since the December meeting, Fed officials appeared to have delivered a coordinated message that the committee is ready to pause on quarterly rate hikes. The committee appears to be willing to wait until heightened uncertainty around the economic outlook dissipates before raising rates again.”
The Market Wealth Report Initiates Coverage on:
Sirius XM Holdings Inc.
Pandora Media, Inc.
Sirius XM Holdings' stock moved 0.17% lower Tuesday, to close the day at $5.74. The stock recorded a trading volume of 33,709,091 shares, which was above its three months average volume of 26,080,535 shares. In the last year, Sirius XM Holdings' shares have traded in a range of 5.48 - 7.70. The share price has gained 4.74% 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 $5.98 is below its 200-day moving average of $6.42. Shares of the company are trading at a Price to Earnings ratio of 29.14. Shares of Sirius XM Holdings have gained roughly 0.35 percent in the past month and are up 0.53 percent year-to-date.
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On Tuesday, shares of Pandora Media recorded a trading volume of 12,795,765 shares, which was above the three months average volume of 7,611,348 shares. The stock ended the day 0.85% higher at $8.31. The share price has fallen 17.48% from its 52 week high with a 52 week trading range of 4.17 - 10.07. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $8.44 is below its 200-day moving average of $8.57. Shares of Pandora Media have gained roughly 2.72 percent in the past month and are up 2.72 percent year-to-date.
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SOURCE: Market Wealth Report