NEW YORK, NY / ACCESSWIRE / December 8, 2017 / U.S. markets all closed in the green on Thursday, with the S&P 500 Index breaking a 4-day losing streak. The Dow Jones Industrial Average gained 0.29 percent to close at 24,211.48, while the S&P 500 Index rose 0.29 percent to close at 2,636.98. The Nasdaq Composite Index jumped 0.54 percent to close at 6,812.84. Markets were lifted by a continued rally in technology shares, which were was under pressure earlier in the week due to profit taking. The Nasdaq dropped 1.6 percent from Friday to Tuesday.

"It's not unusual for investors to move away from tech stocks that had done exceptionally well this year and into the losing sectors, such as retail. But that rotation seems to be not very serious at this point," said Maris Ogg, president at Tower Bridge Advisors, according to MarketWatch.

"We don't think the tech sector is that expensive and as long as they can grow their earnings, their prices should be sustained," Ogg added.

RDI Initiates Coverage on:

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

Riot Blockchain, Inc.
https://rdinvesting.com/news/?ticker=RIOT

Advanced Micro Devices, Inc.'s stock edged 0.40% higher Thursday, to close the day at $10.04. The stock recorded a trading volume of 32,658,316 shares, which was below its three months average volume of 58,015,623 shares. In the last year, Advanced Micro Devices, Inc.'s shares have traded in a range of 9.42 - 15.65. The stock is currently trading 35.85% 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 $11.59 is below its 200-day moving average of $12.54. Shares of Advanced Micro Devices have fallen roughly 16.68 percent in the past month and are down 11.46 percent year-to-date.

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

On Thursday, shares in Riot Blockchain, Inc. recorded a trading volume of 5,685,617 shares, which was above the three months average volume of 3,636,705 shares. The stock ended the day 6.57% higher at 14.60. The share price has gained 130.65% from its 52-week low with a 52-week trading range of 6.33 - 24.00.The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $10.07 is at its 200-day moving average of $10.07. Shares of Riot Blockchain have gained roughly 75.9 percent in the past month and are up 280.21 percent year-to-date.

Access RDI's Riot Blockchain, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=RIOT

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

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SOURCE: RDInvesting.com