NEW YORK, NY / ACCESSWIRE / March 23, 2018 / U.S. markets slumped Thursday as concerns over a potential trade war with China continue to grow. The Dow Jones Industrial Average dropped 2.93 percent to close at 23,957.89, while the S&P 500 Index fell 2.52 percent to close at 2,643.69. The Nasdaq Composite Index declined 2.43 percent to close at 7,166.68. On Thursday, the Trump administration unveiled tariffs totaling up to $60 billion on Chinese products.

"Trump's protectionism is making investors nervous," Dario Perkins, managing director of global macro at TS Lombard, said in a note Thursday, according to CNBC. "Past experience suggests these policies are flawed, while even moderate trade barriers could disrupt today's complex global supply chains."

RDI Initiates Coverage on:

Advanced Micro Devices, Inc.
https://rdinvesting.com/news/?ticker=AMD

Micron Technology, Inc.
https://rdinvesting.com/news/?ticker=MU

Advanced Micro's stock moved 3.11% lower Thursday, to close the day at $10.91. The stock recorded a trading volume of 59,944,232 shares, which was below its three months average volume of 61,490,785 shares. In the last year, Advanced Micro's shares have traded in a range of 9.70 - 15.65. The stock is currently trading 30.29% below its 52 week high. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $11.88 is below its 200-day moving average of $11.97. Shares of the company are trading at a Price to Earnings ratio of 272.75. Shares of Advanced Micro Devices have fallen roughly 7.85 percent in the past month and are up 6.13 percent year-to-date.

Access RDI's Advanced Micro Devices, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AMD

On Thursday, shares of Micron Technology recorded a trading volume of 74,274,731 shares, which was above the three months average volume of 48,783,685 shares. The stock ended the day 3.52% lower at 58.92. The share price has gained 126.27% from its 52-week low with a 52-week trading range of 26.04 - 63.42. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $49.17 is greater than its 200-day moving average of $43.60. Shares of Micron Technology are trading at a Price to Earnings ratio of 9.21. Shares of Micron Technology have gained roughly 33.15 percent in the past month and are up 43.29 percent year-to-date.

Access RDI's Micron Technology, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=MU

Our Actionable Research on Advanced Micro Devices, Inc. (NASDAQ:AMD) and Micron Technology, Inc. (NASDAQ:MU) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com