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.”
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Corning’s stock jumped 11.07% Tuesday, to close the day at $33.72. The stock recorded a trading volume of 16,592,295 shares, which was above its three months average volume of 5,576,143 shares. In the last year, Corning’s shares have traded in a range of 26.11 - 36.56. The share price has gained 29.15% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $30.05 is below its 200-day moving average of $32.12. Shares of Corning have gained roughly 13.34 percent in the past month and are up 11.62 percent year-to-date.
On Tuesday, shares of Sanmina recorded a trading volume of 3,500,480 shares, which was above the three months average volume of 439,273 shares. The stock ended the day 16.88% higher at $31.85. The share price has fallen 7.14% from its 52
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