NEW YORK, NY / ACCESSWIRE / August 15, 2017 / U.S. markets rebounded sharply Monday as geopolitical tensions eased after Secretary of State Rex Tillerson and U.S. Secretary of Defense James Mattis commented that the U.S. would continue to seek diplomatic resolutions with North Korea. The Dow Jones Industrial Average gained 0.62 percent, while the S&P 500 spiked 1.00 percent to close at 2,465.84. The S&P 500?s gain on Monday was the best one day jump since April 24th when it gained 1.08 percent. The NASDAQ Composite Index increased 1.34 percent to close at 6,340.23. With Monday's rebound the S&P 500 and the Nasdaq are once again trading above their above their 50-day moving averages, according to MarketWatch.

"After some short-term knee-jerk reactions last week, the market is having that moment of clarity rally?earnings are marching forward, the economy is strengthening, [and] global economic conditions are gaining steam," said Karyn Cavanaugh, Senior Market Strategist at Voya Financial.

RDI Initiates Coverage on:

Extreme Networks Inc.
https://ub.rdinvesting.com/news/?ticker=EXTR

MGT Capital Investments Inc.
https://ub.rdinvesting.com/news/?ticker=MGTI

Extreme Networks Inc.'s stock jumped 8.00% Monday, to close the day at $9.32. The stock recorded a trading volume of 3,516,912 shares, which was above its three months average volume of 1,455,690 shares. In the last year Extreme Networks Inc.'s shares have traded in a range of 3.75 - 11.03. The share price has gained 148.53% from its 52 week low. The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $9.27 is greater than its 200-day moving average of $8.07. Shares of Extreme Networks have gained approximately 85.29 percent year-to-date.

Access RDI's Extreme Networks Inc. Research Report at:
https://ub.rdinvesting.com/news/?ticker=EXTR

On Monday, shares in MGT Capital Investments Inc. recorded a trading volume of 2,784,401 shares, which was above the three months average volume of 593,641 shares. The stock ended the day 32.99% higher at 1.92. The share price has gained 316.30% from its 52 week low with a 52 week trading range of 0.46 - 4.50.The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $1.21 is at its 200-day moving average of $0.91. Shares of MGT Capital Investments have fallen approximately 18.72 percent year-to-date.

Access RDI's MGT Capital Investments Inc. Research Report at:
https://ub.rdinvesting.com/news/?ticker=MGTI

Our Actionable Research on Extreme Networks Inc. (NASDAQ:EXTR) and MGT Capital Investments Inc. (OTCMKTS:MGTI) can be downloaded free of charge at Research Driven Investing.

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