NEW YORK, NY / ACCESSWIRE / December 5, 2017 / U.S. markets saw mixed Monday as the Dow reached a new record after investors celebrated the passing off bill to overhaul the country's tax system, while falling tech stocks pressured the S&P 500 and Nasdaq lower. The Dow Jones Industrial Average gained 0.24 percent to close at a record 24,290.05. The S&P 500 Index declined 0.11 percent to close at 2,639.44 and the Nasdaq Composite Index dropped 1.05 percent to close at 6,775.37. Financial stocks appear to be the early benefactors from a potential tax overhaul as the Financial Select Sector SPDR Fund ETF spiked 1.52 percent on Monday and is up 6.8 percent in the past week.

"Investors this week will look to see progress between the House and Senate's joint bill," said Nicholas Colas, co-founder of DataTrek Research. "Both chambers still have to reconcile differences between their bills, such as implementing corporate tax cuts immediately or in 2019."

RDI Initiates Coverage on:

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

NVIDIA Corporation
https://rdinvesting.com/news/?ticker=NVDA

Advanced Micro Devices, Inc.'s stock moved 6.52% lower Monday, to close the day at $10.03. The stock recorded a trading volume of 97,328,281 shares, which was above its three months average volume of 57,068,634 shares. In the last year, Advanced Micro Devices, Inc.'s shares have traded in a range of 8.45 - 15.65. The share price has gained 18.70% 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 $11.88 is below its 200-day moving average of $12.58. Shares of Advanced Micro Devices have fallen roughly 9.8 percent in the past month and are down 11.55 percent year-to-date.

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

On Monday, shares in NVIDIA Corporation recorded a trading volume of 31,021,123 shares, which was above the three months average volume of 15,044,250 shares. The stock ended the day 5.57% lower at 186.66. The share price has gained 113.23% from its 52-week low with a 52-week trading range of 87.54 - 218.67.The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $205.90 is greater than its 200-day moving average of $173.25. Shares of NVIDIA Corporation are trading at a Price to Earnings ratio of 53.68. Shares of NVIDIA have fallen roughly 10.56 percent in the past month and are up 74.87 percent year-to-date.

Access RDI's NVIDIA Corporation Research Report at:
https://rdinvesting.com/news/?ticker=NVDA

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

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: RDInvesting.com