NEW YORK, NY / ACCESSWIRE / October 3, 2017 / U.S. markets kicked off the fourth quarter in the green Monday as investors appear optimistic that the markets record run will continue. The Dow Jones Industrial Average gained 0.68 percent to close at 22,557.60, while the S&P 500 Index gained 0.39 percent to close at 2,529.12. The NASDAQ Composite Index rose 0.32 percent to close at 6,516.72. On Monday, the Institute for Supply Management reported its manufacturing index rose to 58.8 percent in August from 56.3 percent in July, August's reading was the highest since April 2011.

"Today is a continuation of potential enthusiasm on the tax front and the data this morning. That was a good manufacturing number," said Scott Wren, senior global equity strategist at Wells Fargo Investment Institute in St. Louis, Missouri, according to Reuters.

RDI Initiates Coverage on:

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

Seadrill Limited
https://rdinvesting.com/news/?ticker=SDRL

DryShips Inc.'s stock jumped 12.20% Monday, to close the day at $2.76. The stock recorded a trading volume of 4,765,487 shares, which was below its three months average volume of 10,493,500 shares. In the last year, DryShips Inc.'s shares have traded in a range of 0.98 - 799,680.00. The share price has gained 181.63% 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 $2.54 is below its 200-day moving average of $338.95. Shares of DryShips have fallen approximately 99.99 percent year-to-date.

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

On Monday, shares of Seadrill Limited recorded a trading volume of 4,890,985 shares, which was below the three months average volume of 9,676,260 shares. The stock ended the day 5.71% higher at 0.37. The share price has gained 146.67% from its 52-week low with a 52-week trading range of 0.15 - 4.59.The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $0.28 is below its 200-day moving average of $0.60. Shares of Seadrill Limited have fallen approximately 89.15 percent year-to-date.

Access RDI's Seadrill Limited Research Report at:
https://rdinvesting.com/news/?ticker=SDRL

Our Actionable Research on DryShips Inc. (NASDAQ: DRYS) and Seadrill Limited (NYSE: SDRL) can be downloaded free of charge at Research Driven Investing.

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