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:
Voyager Therapeutics, Inc.
Conatus Pharmaceuticals Inc.
Voyager Therapeutics' stock jumped 38.31% Tuesday, to close the day at $11.12. The stock recorded a trading volume of 6,218,395 shares, which was above its three months average volume of 332,477 shares. In the last year, Voyager Therapeutics' shares have traded in a range of 7.76 - 31.91. The share price has gained 43.3% 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 $9.23 is below its 200-day moving average of $14.89. Shares of Voyager Therapeutics have gained roughly 21.93 percent in the past month and are up 18.3 percent year-to-date.
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On Tuesday, shares of Conatus Pharmaceuticals recorded a trading volume of 3,222,488 shares, which was above the three months average volume of 834,683 shares. The stock ended the day 22.86% higher at $2.15. The share price has fallen 72.96% from its 52
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SOURCE: Market Wealth Report