NEW YORK, NY / ACCESSWIRE / August 17, 2017 / U.S. markets closed up slightly after minutes from the latest Federal Reserve meeting showed policymakers were split on an interest-rate increase and as news broke that two of President Trump's advisory councils were being disbanded. The Dow Jones Industrial Average gained 0.12 percent to close at 22,024.87, its fourth consecutive daily gain, while the S&P 500 Index rose 0.14 percent to close at 2,468.11. The NASDAQ Composite Index increased 0.19 percent to close at 6,345.11.

"The debate around the inflation shortfall was more robust this month than last ? as it should have been, which I think makes the minutes read a touch dovish," Eric Winograd, senior economist at AllianceBernstein, said in a note.

RDI Initiates Coverage on:

Federal National Mortgage Association
https://ub.rdinvesting.com/news/?ticker=FNMA

Federal Home Loan Mortgage Corp.
https://ub.rdinvesting.com/news/?ticker=FMCC

Federal National Mortgage Association's stock moved 2.16% higher Wednesday, to close the day at $2.79. The stock recorded a trading volume of 8,716,455 shares, which was above its three months average volume of 2,782,790 shares. In the last year Federal National Mortgage Association's shares have traded in a range of 1.57 - 5.00. The share price has gained 77.71% 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 $2.54 is below its 200-day moving average of $2.78. Shares of Federal National Mortgage have gained approximately 103.65 percent year-to-date.

Access RDI's Federal National Mortgage Association Research Report at:
https://ub.rdinvesting.com/news/?ticker=FNMA

On Wednesday, shares of Federal Home Loan Mortgage Corp. recorded a trading volume of 6,305,957 shares, which was above the three months average volume of 1,553,220 shares. The stock ended the day 3.04% higher at 2.71. The share price has gained 85.62% from its 52 week low with a 52 week trading range of 1.46 - 4.84.The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $2.40 is below its 200-day moving average of $2.65. Shares of Federal Home Loan Mortgage Corp. are trading at a Price to Earnings ratio of 193.57. Shares of Federal Home Loan have gained approximately 102.24 percent year-to-date.

Access RDI's Federal Home Loan Mortgage Corp. Research Report at:
https://ub.rdinvesting.com/news/?ticker=FMCC

Our Actionable Research on Federal National Mortgage Association (OTCQB:FNMA) and Federal Home Loan Mortgage Corp. (OTCQB:FMCC) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com