NEW YORK, NY / ACCESSWIRE / July 2, 2018 / Major U.S. markets finished higher on Friday, but finished the week lower due to ongoing global trade concerns. The Dow Jones Industrial Average increased 0.23 percent to close at 24,271.41, while the S&P 500 Index jumped 0.08 percent to close at 2,718.37. The Nasdaq Composite Index climbed 0.09 percent to close at 7,510.30. For the week, S&P 500 shed 1.3 percent, while Dow Industrials declined 1.3 percent and Nasdaq plunged over 2 percent.
"We now find ourselves in what can reasonably be called a successful, growing economy. We are back to what we like to think of as normal. As we look into the second half of 2018, I believe that the economy will continue to grow, with healthy employment conditions, rising interest rates, and the reasonable prospect of rising markets. I expect growth to accelerate from first-quarter levels to levels closer to what prevailed in the 1990s and 2000s - in other words, normal," said Brad McMillan, chief investment officer at Commonwealth Financial Network.
RDI Initiates Coverage on:
Chesapeake Energy Corporation
https://rdinvesting.com/news/?ticker=CHK
Enbridge Inc.
https://rdinvesting.com/news/?ticker=ENB
Chesapeake Energy's stock moved 1.16% higher Friday, to close the day at $5.24. The stock recorded a trading volume of 30,821,543 shares, which was below its three months average volume of 37,461,006 shares. In the last year, Chesapeake Energy's shares have traded in a range of 2.53 - 5.44. The share price has gained 107.11% 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 $4.59 is above its 200-day moving average of $3.63. Shares of Chesapeake Energy have gained roughly 15.67 percent in the past month and are up 32.32 percent year-to-date.
Access RDI's Chesapeake Energy Corporation Research Report at:
https://rdinvesting.com/news/?ticker=CHK
On Friday, shares of Enbridge recorded a trading volume of 17,778,656 shares, which was above the three months average volume of 4,082,785 shares. The stock ended the day 7.79% higher at $35.69. The share price has fallen 15.65% from its 52 week high with a 52 week trading range of 29.00 - 42.31. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $31.96 is below its 200-day moving average of $33.78. Shares of the company are trading at a Price to Earnings ratio of 33.80. Shares of Enbridge have gained roughly 16.14 percent in the past month and are down 8.74 percent year-to-date.
Access RDI's Enbridge Inc. Research Report at:
https://rdinvesting.com/news/?ticker=ENB
Our Actionable Research on Chesapeake Energy Corporation (NYSE:CHK) and Enbridge Inc. (NYSE:ENB) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
