NEW YORK, NY / ACCESSWIRE / September 26, 2017 / U.S. markets dropped Monday as geopolitical tensions between the U.S. and North Korea grew and as technology stocks slumped. The Dow Jones Industrial Average declined 0.24 percent to close at 22,296.09, while the S&P 500 Index fell 0.22 percent to close at 2,496.66. The tech-heavy NASDAQ Composite Index fell 0.88 percent to close at 6,370.59. Apple Inc., which is the NASDAQ's largest component by market value, decline for the 4th consecutive session.

"Today is mostly about rotation from big-winning tech stocks and into losing energy and retail stocks, which is usually a healthy sign of the bull market," said Michael Antonelli, equity sales trader at Robert W. Baird & Co.

"As we have seen before, any news from North Korea have an instant impact on markets, but usually it does not last," Antonelli said.

RDI Initiates Coverage on:

General Electric Company
http://www.rdinvesting.com/report/?ticker=GE

Target Corporation
http://www.rdinvesting.com/report/?ticker=TGT

General Electric Company's stock edged 0.99% higher on Monday, to close the day at $25.11. The stock recorded a trading volume of 36,197,503 shares, which was below its three months average volume of 38,055,300 shares. In the last year, General Electric Company's shares have traded in a range of 23.58 - 32.38. The stock is currently trading 22.44% below its 52 week high. The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $24.74 is below its 200-day moving average of $27.46. Shares of the company are trading at a Price to Earnings ratio of 30.59. Shares of General Electric have fallen approximately 20.54 percent year-to-date.

Access RDI's General Electric Company Research Report at:
http://www.rdinvesting.com/report/?ticker=GE

On Monday, shares of Target Corporation recorded a trading volume of 4,383,163 shares, which was below the three months average volume of 6,906,130 shares. The stock ended the day 0.74% lower at 58.55. The share price has gained 20.58% from its 52-week low with a 52-week trading range of 48.56 - 79.33.The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $56.82 is greater than its 200-day moving average of $55.00. Shares of the company are trading at a Price to Earnings ratio of 11.83. Shares of Target have fallen approximately 18.94 percent year-to-date.

Access RDI's Target Corporation Research Report at:
http://www.rdinvesting.com/report/?ticker=TGT

Our Actionable Research on General Electric Company (NYSE: GE) and Target Corporation (NYSE: TGT) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com