NEW YORK, NY / ACCESSWIRE / October 10, 2017 / U.S. stocks were relatively muted Monday after hitting multiple record highs last week. The Dow Jones Industrial Average declined 0.06 percent to close at 22,716.07, while the S&P 500 Index fell 0.18 percent to close at 2,544.73. The NASDAQ Composite Index declined 0.16 percent to close at 6,579.73. Investor focus will now shift to corporate earnings as major companies including Bank of America, Citigroup, and Wells Fargo are expected to report earnings results this week. Earnings for the S&P 500 are expected to increase by 4 percent year-over-year in the third quarter, according to data from S&P Capital IQ.

"Growth is likely to come in better than this early estimate. Just like the prior two quarters, this expected beat may be in the process of being priced into the market. If that is the case, we could see a small pullback or pause in the trajectory of the index as earnings season gets underway," said Lindsey Bell, investment strategist at CFRA, according to CNBC.

RDI Initiates Coverage on:

AK Steel Holding Corporation
https://rdinvesting.com/news/?ticker=AKS

United States Steel Corporation
https://rdinvesting.com/news/?ticker=X

AK Steel Holding Corporation's stock moved 3.41% lower Monday, to close the day at $5.39. The stock recorded a trading volume of 12,215,663 shares, which was below its three months average volume of 17,594,500 shares. In the last year, AK Steel Holding Corporation's shares have traded in a range of 4.42 - 11.39. The share price has gained 21.95% from its 52-week low. The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $5.56 is below its 200-day moving average of $6.07. Shares of the company are trading at a Price to Earnings ratio of 14.11. Shares of AK Steel Holding have fallen approximately 47.21 percent year-to-date.

Access RDI's AK Steel Holding Corporation Research Report at:
https://rdinvesting.com/news/?ticker=AKS

On Monday, shares of United States Steel Corporation recorded a trading volume of 12,921,788 shares, which was below the three months average volume of 13,576,300 shares. The stock ended the day 3.95% lower at 25.02. The share price has gained 54.78% from its 52-week low with a 52-week trading range of 16.17 - 41.83. The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $25.70 is greater than its 200-day moving average of $24.78. Shares of United States Steel Corporation are trading at a Price to Earnings ratio of 158.35. Shares of United States Steel have fallen approximately 24.2 percent year-to-date.

Access RDI's United States Steel Corporation Research Report at:
https://rdinvesting.com/news/?ticker=X

Our Actionable Research on AK Steel Holding Corporation (NYSE: AKS) and United States Steel Corporation (NYSE: X) 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 reviewed by Nadia Noorani, CFA® charter holder. 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