NEW YORK, NY / ACCESSWIRE / July 11, 2017 / A rally by technology stocks helped lift U.S. markets Monday. While the S&P 500 Index?s Technology sector has fallen approximately 3 percent from its high set on June 8th, the sector is still leading the way for the S&P 500 Index with a gain of approximately 18 percent year-to-date. The Dow Jones Industrial Average declined 0.03 percent to close at 21,408.52, while the S&P 500 Index gained 0.09 percent to close at 2,427.43. The tech-heavy NASDAQ Composite Index gained 0.38 percent to close at 6,176.39, up roughly 14.74 percent year-to-date.

"All of the conversations right now are about earnings," said Mike Antonelli, equity sales trader at Robert W Baird & Co. "The health-care bill and the tax bill all of that has been put on the back burner as the market moves on to the next catalyst, and what matters right now is earnings," added Antonelli.

RDI Initiates Coverage on:

Cliffs Natural Resources Inc.
https://ub.rdinvesting.com/news/?ticker=CLF

ArcelorMittal
https://ub.rdinvesting.com/news/?ticker=MT

Cliffs Natural Resources Inc.'s stock jumped 5.07% Monday, to close the day at $7.05. The stock recorded a trading volume of 10,144,523 shares, which was below its three months average volume of 15,324,700 shares. In the last year Cliffs Natural Resources Inc.'s shares have traded in a range of 4.91 - 12.37. The share price has gained 43.58% 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 $6.22 is below its 200-day moving average of $8.17. Shares of the company are trading at a Price to Earnings ratio of 41.23. Shares of Cliffs Natural Resources have fallen approximately 16.17 percent year-to-date.

Access RDI's Cliffs Natural Resources Research Report at:
https://ub.rdinvesting.com/news/?ticker=CLF

On Monday, shares in ArcelorMittal recorded a trading volume of 6,561,636 shares, which was below the three months average volume of 7,335,070 shares. The stock ended the day 1.69% higher at 23.44. The share price has gained 62.78% from its 52 week low with a 52 week trading range of 14.40 - 28.11.The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $21.60 is below its 200-day moving average of $23.74. Shares of the company are trading at a Price to Earnings ratio of 7.77. Shares of ArcelorMittal have fallen approximately 64.32 percent year-to-date.

Access RDI's ArcelorMittal Research Report at:
https://ub.rdinvesting.com/news/?ticker=MT

Our Actionable Research on Cliffs Natural Resources Inc. (NYSE: CLF) and ArcelorMittal (NYSE: MT) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com