NEW YORK, NY / ACCESSWIRE / February 8, 2018 / On Wednesday, U.S. markets failed to continue on Tuesday's gains as investors worried about rising bond yields and interest rates. The Dow Jones Industrial Average dipped 0.08 percent to close at 24,893.35, while the S&P 500 Index fell 0.50 percent to close at 2,681.66. The Nasdaq Composite Index dropped 0.90 percent to close at 7,051.98.

"The market was positioned for great earnings, great growth, and no inflation or rates moving up to any meaningful degree. Now that goldilocks environment is gone, and we're back in a normal environment where we're getting both strong growth and higher rates. That readjustment is bringing some jitters," said Alec Young, managing director of global markets research at FTSE Russell.

RDI Initiates Coverage on:

Cascadian Therapeutics, Inc.
https://rdinvesting.com/news/?ticker=CASC

UnitedHealth Group Inc.
https://rdinvesting.com/news/?ticker=UNH

Cascadian Therapeutics' stock edged 0.20% lower Wednesday, to close the day at $9.98. The stock recorded a trading volume of 1,127,636 shares, which was above its three months average volume of 819,764 shares. In the last year, Cascadian Therapeutics' shares have traded in a range of 3.18 - 10.21. The share price has gained 213.84% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $5.03 is greater than its 200-day moving average of $4.23. Shares of Cascadian Therapeutics have gained roughly 174.18 percent in the past month and are up 169.73 percent year-to-date.

Access RDI's Cascadian Therapeutics, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=CASC

On Wednesday, shares of UnitedHealth Group recorded a trading volume of 5,589,154 shares, which was above the three months average volume of 3,104,511 shares. The stock ended the day 0.28% higher at 225.82. The share price has gained 44.30% from its 52 week low with a 52 week trading range of 156.49 - 250.79. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $230.71 is greater than its 200-day moving average of $209.02. Shares of UnitedHealth are trading at a Price to Earnings ratio of 21.07. Shares of UnitedHealth Group have fallen roughly 1.27 percent in the past month and are up 2.43 percent year-to-date.

Access RDI's UnitedHealth Group Inc. Research Report at:
https://rdinvesting.com/news/?ticker=UNH

Our Actionable Research on Cascadian Therapeutics, Inc. (NASDAQ:CASC) and UnitedHealth Group Inc. (NYSE:UNH) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com