NEW YORK, NY / ACCESSWIRE / April 26, 2018 / U.S. markets were mixed on Wednesday as stronger-than-expected corporate earnings offset a continuous rise in bond yields. The Dow Jones Industrial Average gained 0.25 percent to close at 24,083.83, led higher by Boeing, while the S&P 500 Index increased 0.18 percent to close at 2,639.40. The Nasdaq Composite Index declined 0.05 percent to close at 7,003.74.

"Earnings have been coming in very strong, but companies aren't getting rewarded. At the same time, bonds are behaving badly, and with both struggling, investors are feeling nervous about the market in general," said Michael Mullaney, director of global market research at Boston Partners. "The question becomes, where do you hide? Investors are increasingly hiding in cash," Mullaney added.

RDI Initiates Coverage on:

eBay Inc.
https://rdinvesting.com/news/?ticker=EBAY

PayPal Holdings, Inc.
https://rdinvesting.com/news/?ticker=PYPL

eBay's stock moved 0.51% lower Wednesday, to close the day at $40.97. The stock recorded a trading volume of 9,934,040 shares, which was below its three months average volume of 10,800,329 shares. In the last year, eBay's shares have traded in a range of 32.80 - 46.99. The share price has gained 24.91% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $41.17 is above its 200-day moving average of $39.39. Shares of eBay have gained roughly 3.17 percent in the past month and are up 8.56 percent year-to-date.

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

On Wednesday, shares of PayPal recorded a trading volume of 10,940,287 shares, which was above the three months average volume of 9,651,835 shares. The stock ended the day 1.7% lower at $74.00. The share price has fallen 14.27% from its 52 week high with a 52 week trading range of 46.75 - 86.32. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $78.14 is above its 200-day moving average of $76.29. Shares of the company are trading at a Price to Earnings ratio of 50.34. Shares of PayPal have fallen roughly 3.19 percent in the past month and are up 0.52 percent year-to-date.

Access RDI's PayPal Holdings, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=PYPL

Our Actionable Research on eBay Inc. (NASDAQ:EBAY) and PayPal Holdings, Inc. (NASDAQ:PYPL) can be downloaded free of charge at Research Driven Investing.

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