NEW YORK, NY / ACCESSWIRE / May 9, 2018 / U.S. markets posted minor changes Tuesday after President Trump announced the U.S. withdrawal from the Iran nuclear deal. The Dow Jones Industrial Average gained 0.01 percent to close at 24,360.21, while the S&P 500 Index declined 0.03 percent to close at 2,671.92. The Nasdaq Composite Index rose 0.02 percent to close at 7,266.90.

"The reason the market is not dramatically selling off is he didn't close the door to further negotiations, but he also made it clear it would be on [Trump's] terms," said Quincy Krosby, chief market strategist at Prudential Financial, according to MarketWatch.

"How far does the U.S. go with the secondary sanctions, that's the main issue for the market. You have to look at whether the market will punish the European companies who do business with Iran," said Krosby.

RDI Initiates Coverage on:

DryShips Inc.
https://rdinvesting.com/news/?ticker=DRYS

Genco Shipping & Trading Limited
https://rdinvesting.com/news/?ticker=GNK

DryShips' stock moved 2.82% higher Tuesday, to close the day at $3.65. The stock recorded a trading volume of 1,346,977 shares, which was above its three months average volume of 1,066,111 shares. In the last year, DryShips' shares have traded in a range of 0.98 - 249.90. The share price has gained 272.45% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $3.68 is below its 200-day moving average of $3.78. Shares of DryShips have gained roughly 7.04 percent in the past month and are up 3.4 percent year-to-date.

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

On Tuesday, shares of Genco Shipping & Trading recorded a trading volume of 165,753 shares, which was above the three months average volume of 127,706 shares. The stock ended the day 1.23% higher at $17.27. The share price has fallen 0.63% from its 52 week high with a 52 week trading range of 8.47 - 17.38. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $15.59 is above its 200-day moving average of $13.62. Shares of Genco Shipping & Trading have gained roughly 20.52 percent in the past month and are up 29.65 percent year-to-date.

Access RDI's Genco Shipping & Trading Limited Research Report at:
https://rdinvesting.com/news/?ticker=GNK

Our Actionable Research on DryShips Inc. (NASDAQ :DRYS) and Genco Shipping & Trading Limited (NYSE :GNK) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com