NEW YORK, NY / ACCESSWIRE / August 23, 2017 / U.S. markets surged Tuesday, with the Dow Jones Industrial Average posting its best daily gain since April, on renewed hopes for tax reform. The Dow Jones spiked 0.90 percent, 196.14 points, to close at 21,899.89, while the S&P 500 Index jumped 0.99 percent to close at 2,45.51. The NASDAQ Composite Index gained 1.36 percent to close at 6,297.48. The markets received a boost from a Politico reports stating that the Trump administration and key lawmakers were making progress on a tax reform plan. Investors are now looking ahead to the Kansas City Federal Reserve Bank's central bank symposium in Jackson Hole, Wyoming on Thursday.

"The conference has in recent years been a venue for big news in monetary policy, but this time around it is likely to be undramatic," wrote UBS economists in a note.

"We expect [Yellen's] speech to keep to well-trod financial stability topics?some excesses may exist, but the system is safe?and eschew discussion of potential near-term policy actions," they said.

RDI Initiates Coverage on:

Baozun Inc.
https://rdinvesting.com/news/?ticker=BZUN

Momo Inc.
https://rdinvesting.com/news/?ticker=MOMO

Baozun Inc.'s stock fell 24.19% Tuesday, to close the day at $26.23. The stock recorded a trading volume of 19,540,150 shares, which was above its three months average volume of 2,198,100 shares. In the last year Baozun Inc.'s shares have traded in a range of 9.57 - 35.91. The share price has gained 174.09% 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 $0.00 is at its 200-day moving average of $0.00. Shares of Baozun Inc. are trading at a Price to Earnings ratio of 105.77. Shares of Baozun have gained approximately 117.32 percent year-to-date.

Access RDI's Baozun Inc. Research Report at:
https://rdinvesting.com/news/?ticker=BZUN

On Tuesday, shares in Momo Inc. recorded a trading volume of 44,582,838 shares, which was above the three months average volume of 5,928,726 shares. The stock ended the day 20.10% lower at 36.02. The share price has gained 115.30% from its 52 week low with a 52 week trading range of 16.73 - 46.69.The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $0.00 is at its 200-day moving average of $0.00. Shares of Momo Inc. are trading at a Price to Earnings ratio of 33.35. Shares of Momo have gained approximately 95.97 percent year-to-date.

Access RDI's Momo Inc. Research Report at:
https://rdinvesting.com/news/?ticker=MOMO

Our Actionable Research on Baozun Inc. (NASDAQ:BZUN) and Momo Inc. (NASDAQ:MOMO) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com