NEW YORK, NY / ACCESSWIRE / September 25, 2018 / U.S. markets closed lower Monday as trade tensions heated up. The Trump administration imposed a tariff of 10 percent on over $200 billion, which could increase to 25 percent if the two countries are unable to settle, according to L. Thomas Block, Washington policy strategist at Fundstrat Global Advisors. The Dow Jones Industrial Average dropped 0.68 percent to close at 26,562.05, while the S&P 500 Index declined 0.35 percent to close at 2,919.37. The Nasdaq Composite Index rose 0.08 percent to close at 7,993.25.
“You’d expect a bit of a pullback after hitting records, and there’s also a broader question of where do we go from here, economically? There’s a fear that tariffs could bring the economy down, and it is a near-certainty that the Fed will raise rates this week. That raises the question of how much longer the recovery will last, and how much earnings will grow from here,” said chief investment strategist at Key Private Bank, Bruce McCain.
RDI Initiates Coverage on:
ABIOMED, Inc.
https://rdinvesting.com/news/?ticker=ABMD
Edwards Lifesciences Corporation
https://rdinvesting.com/news/?ticker=EW
ABIOMED's stock jumped 9.02% Monday, to close the day at $419.61. The stock recorded a trading volume of 993,342 shares, which was above its three months average volume of 629,125 shares. In the last year, ABIOMED's shares have traded in a range of 158.71 - 450.93. The share price has gained 164.39% 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 $381.39 is above its 200-day moving average of $365.78. Shares of the company are trading at a Price to Earnings ratio of 116.98. Shares of ABIOMED have gained roughly 10.13 percent in the past month and are up 123.9 percent year-to-date.
Access RDI's ABIOMED, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=ABMD
On Monday, shares of Edwards Lifesciences recorded a trading volume of 3,660,269 shares, which was above the three months average volume of 1,161,058 shares. The stock ended the day 7.67% higher at $165.47. The share price has fallen 0.3% from its 52
Access RDI's Edwards Lifesciences Corporation Research Report at:
https://rdinvesting.com/news/?ticker=EW
Our Actionable Research on ABIOMED, Inc. (NASDAQ
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SOURCE: RDInvesting.com