NEW YORK, NY / ACCESSWIRE / August 21, 2017 / Geopolitical concerns combined with the resignation of multiple advisors to President Trump pressured markets lower last week. On Friday, the Dow Jones Industrial Average declined 0.35 percent to close at 21,674.51, down 0.84 percent for the week, while the S&P 500 Index fell 0.18 percent to close at 2,425.55, down 0.64 percent for the week. The NASDAQ Composite Index decreased 0.09 percent to close at 6,216.53, down 0.65 percent for the week.

"Longer-term trends at this point remain intact, so this remains a short-term pullback only. And it's tough to make too much of this," said Mark Newton, managing member at Newton Advisors, in a note, according to CNBC.

RDI Initiates Coverage on:

Cleveland-Cliffs Inc.
https://rdinvesting.com/news/?ticker=CLF

Groupon Inc.
https://rdinvesting.com/news/?ticker=GRPN

Cleveland-Cliffs Inc.'s stock moved 3.35% higher Friday, to close the day at $7.40. The stock recorded a trading volume of 8,930,020 shares, which was below its three months average volume of 12,564,800 shares. In the last year Cleveland-Cliffs Inc.'s shares have traded in a range of 4.91 - 12.37. The share price has gained 50.71% 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 $7.33 is below its 200-day moving average of $7.75. Shares of Cleveland-Cliffs Inc. are trading at a Price to Earnings ratio of 33.94. Shares of Cleveland-Cliffs have fallen approximately 12.01 percent year-to-date.

Access RDI?s Cleveland-Cliffs Inc. Research Report at:
https://rdinvesting.com/news/?ticker=CLF

On Friday, shares of Groupon Inc. recorded a trading volume of 5,482,757 shares, which was below the three months average volume of 7,635,370 shares. The stock ended the day 3.64% higher at 3.99. The share price has gained 37.59% from its 52 week low with a 52 week trading range of 2.90 - 5.65.The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $3.89 is greater than its 200-day moving average of $3.74. Shares of Groupon have gained approximately 20.18 percent year-to-date.

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

Our Actionable Research on Cleveland-Cliffs Inc. (NYSE:CLF) and Groupon Inc. (NASDAQ:GRPN) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com