NEW YORK, NY / ACCESSWIRE / October 10, 2018 / U.S. equities finished mostly lower on Tuesday as interest rate increases and rising bond yields continued to put pressure on stocks. The Dow Jones Industrial Average declined 0.21 percent to close at 26,430.57, while the S&P 500 Index decreased 0.14 percent to close at 2,880.34. The Nasdaq Composite Index closed up 0.03 percent to close at 7,738.02, fueled by gains in tech shares.
“We continue to believe the curve should flatten as the Fed continues on their tightening path and see real money demand for the long-end offsetting higher supply. On balance, the risks to our forecasts are skewed toward higher rate levels and a flatter curve, though it may take a further improvement in productivity or global growth to shift rates materially upward,” said Mark Cabana, a rates strategist at Bank of America Merrill Lynch.
RDI Initiates Coverage on:
Ford Motor Company
https://rdinvesting.com/news/?ticker=F
Tata Motors Limited
https://rdinvesting.com/news/?ticker=TTM
Ford Motor's stock moved 3.35% lower Tuesday, to close the day at $8.95. The stock recorded a trading volume of 58,273,065 shares, which was above its three months average volume of 40,842,103 shares. In the last year, Ford Motor's shares have traded in a range of 8.95 - 13.48. The share price has fallen 0% 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 $9.51 is below its 200-day moving average of $10.67. Shares of the company are trading at a Price to Earnings ratio of 5.30. Shares of Ford Motor have fallen roughly 3.45 percent in the past month and are down 28.34 percent year-to-date.
Access RDI's Ford Motor Company Research Report at:
https://rdinvesting.com/news/?ticker=F
On Tuesday, shares of Tata Motors recorded a trading volume of 5,391,723 shares, which was above the three months average volume of 1,726,884 shares. The stock ended the day 11% lower at $12.78. The share price has fallen 63.97% from its 52 week high with a 52 week trading range of 12.49 - 35.47. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $17.43 is below its 200-day moving average of $20.93. Shares of the company are trading at a Price to Earnings ratio of 15.21. Shares of Tata Motors have fallen roughly 32.17 percent in the past month and are down 61.35 percent year-to-date.
Access RDI's Tata Motors Limited Research Report at:
https://rdinvesting.com/news/?ticker=TTM
Our Actionable Research on Ford Motor Company (NYSE:F) and Tata Motors Limited (NYSE:TTM) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com