NEW YORK, NY / ACCESSWIRE / May 25, 2018 / U.S. markets were weighed down by the energy sector on Thursday as U.S. crude oil prices closed lower for the third consecutive session. However, major indexes received a boost after President Trump announced the cancellation of a planned summit with North Korean leader Kim Jong Un. The Dow Jones Industrial Average dropped 0.30 percent to close at 24,811.76, while the S&P 500 Index declined 0.20 percent to close at 2,727.76. The Nasdaq Composite Index fell 0.02 percent to close at 7,424.43.
"The selloff after the cancellation of the North Korea meeting was muted, largely because it doesn't change the second-quarter earnings or economic growth," Karyn Cavanaugh, senior market strategist at Voya Financial. "Geopolitical risks are never fun and markets tend to price in the bad news right away and the good news only gradually," Cavanaugh added.
RDI Initiates Coverage on:
Iamgold Corporation
https://rdinvesting.com/news/?ticker=IAG
Yamana Gold Inc.
https://rdinvesting.com/news/?ticker=AUY
Iamgold's stock moved 3.61% higher Thursday, to close the day at $6.31. The stock recorded a trading volume of 4,683,331 shares, which was above its three months average volume of 3,889,633 shares. In the last year, Iamgold's shares have traded in a range of 4.26 - 7.25. The share price has gained 48.12% 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 $5.66 is greater than its 200-day moving average of $5.60. Shares of the company are trading at a Price to Earnings ratio of 5.90. Shares of Iamgold have gained roughly 15.78 percent in the past month and are up 8.23 percent year-to-date.
Access RDI's Iamgold Corporation Research Report at:
https://rdinvesting.com/news/?ticker=IAG
On Thursday, shares of Yamana Gold recorded a trading volume of 8,667,195 shares, which was below the three months average volume of 10,862,677 shares. The stock ended the day 3.20% higher at 2.90. The share price has gained 31.22% from its 52-week low with a 52-week trading range of 2.21 - 3.80. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $2.89 is below its 200-day moving average of $2.92. Shares of Yamana Gold have fallen roughly 1.36 percent in the past month and are down 7.05 percent year-to-date.
Access RDI's Yamana Gold Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AUY
Our Actionable Research on Iamgold Corporation (NYSE :IAG) and Yamana Gold Inc. (NYSE :AUY) can be downloaded free of charge at Research Driven Investing.
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