NEW YORK, NY / ACCESSWIRE / October 4, 2017 / All three of the U.S. major indexes reached new records for the second consecutive session as recent economic data continues to support a healthy U.S. economy. The Dow Jones Industrial Average gained 0.37 percent to close at 22,641.67, its fifth consecutive daily gain, while the S&P 500 Index rose 0.22 percent to close at 2,534.58. The tech-heavy NASDAQ Composite Index rose 0.23 percent to close at 6,531.71. On Tuesday, Ford, General Motors and Toyota all reported better-than-expected sales in September.

"We're seeing moves into economically sensitive stocks, which is an indication that investors believe some of the favorable economic data that's coming out," said Bucky Hellwig, Senior Vice President at BB&T Wealth Management in Birmingham, Alabama, according to Reuters.

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 Devices Inc.'s stock jumped 5.59% Tuesday, to close the day at $13.42. The stock recorded a trading volume of 85,146,426 shares, which was above its three months average volume of 64,751,900 shares. In the last year, Advanced Micro Devices Inc.'s shares have traded in a range of 6.22 - 15.65. The share price has gained 115.76% from its 52-week low. The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $12.66 is below its 200-day moving average of $12.74. Shares of Advanced Micro Devices have gained approximately 18.34 percent year-to-date.

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

On Tuesday, shares of Micron Technology Inc. recorded a trading volume of 27,319,429 shares, which was below the three months average volume of 29,539,700 shares. The stock ended the day 0.90% higher at 40.37. The share price has gained 149.66% from its 52-week low with a 52-week trading range of 16.17 - 40.54.The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $33.23 is greater than its 200-day moving average of $30.28. Shares of Micron Technology Inc. are trading at a Price to Earnings ratio of 17.73. Shares of Micron Technology have gained approximately 84.17 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