NEW YORK, NY / ACCESSWIRE / February 22, 2018 / U.S. markets spiked to session highs after minutes from the Fed's January meeting were released, but then dropped as yields for the 10-year Treasury note jumped to 2.95 percent. The Dow Jones Industrial Average touched a high of 25,267.99, before settling to close at 24,797.78, down 0.67 percent, while the S&P 500 Index hit a high of 2,747.75 before settling to close at 2,701.33, a decrease of 0.55 percent. The Nasdaq Composite Index touched a high of 7,338.64 in intraday trading before settling to close at 7,218.23, a decrease of 0.22 percent.

"Today's minutes didn't give us much of what we didn't already know: rates are going up this year, inflation is rising modestly, unemployment remains low, and wages are ticking up, albeit slightly," said Mike Loewengart, vice president of investment strategy at E-Trade, according to CNBC. "The economy does not feel overheated, it feels like it's continuing its positive momentum from last year. Should we see a string of inflation metrics that suggests otherwise, then the thesis changes."

RDI Initiates Coverage on:

Chesapeake Energy Corporation
https://rdinvesting.com/news/?ticker=CHK

Encana Corporation
https://rdinvesting.com/news/?ticker=ECA

Chesapeake Energy's stock moved 5.05% lower Wednesday, to close the day at $2.63. The stock recorded a trading volume of 36,241,169 shares, which was above its three months average volume of 31,062,511 shares. In the last year, Chesapeake Energy's shares have traded in a range of 2.53 - 6.59. The stock is currently trading 60.09% 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 $3.60 is below its 200-day moving average of $3.85. Shares of Chesapeake Energy have fallen roughly 33.42 percent in the past month and are down 33.59 percent year-to-date.

Access RDI?s Chesapeake Energy Corporation Research Report at:
https://rdinvesting.com/news/?ticker=CHK

On Wednesday, shares of Encana recorded a trading volume of 10,058,101 shares, which was above the three months average volume of 8,041,818 shares. The stock ended the day 2.58% lower at 10.59. The share price has gained 32.21% from its 52-week low with a 52-week trading range of 8.01 - 14.31. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $12.55 is greater than its 200-day moving average of $11.45. Shares of the company are trading at a Price to Earnings ratio of 12.46. Shares of Encana have fallen roughly 21.5 percent in the past month and are down 20.56 percent year-to-date.

Access RDI?s Encana Corporation Research Report at:
https://rdinvesting.com/news/?ticker=ECA

Our Actionable Research on Chesapeake Energy Corporation (NYSE:CHK) and Encana Corporation (NYSE:ECA) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com