NEW YORK, NY / ACCESSWIRE / January 23, 2018 / U.S. markets closed in the green on Monday after the Senate reached a deal to end the government shutdown. The Dow Jones Industrial Average gained 0.55 percent to close at 26,214.60, while the S&P 500 Index rose 0.81 percent to close at 2,832.97. The Nasdaq Composite Index jumped 0.98 percent to close at 7,408.03. On Monday, Senate members agreed to keep the government open through February 8th.
"Investors have learned from history that shutdowns don't impact markets, so it's not surprising to see stock prices higher," said Kristina Hooper, chief global market strategist at Invesco, according to MarketWatch.
"The biggest geopolitical risk to markets in the long term is trade-protectionist policies. In the short-term, the wrangling over the debt ceiling is likely to spook investors a lot more than shutdown does because the impact on markets is direct," Hooper said.
RDI Initiates Coverage on:
GNC Holdings, Inc.
GNC Holdings' stock jumped 7.95% Monday, to close the day at $5.16. The stock recorded a trading volume of 6,085,946 shares, which was above its three months average volume of 4,826,739 shares. In the last year, GNC Holdings' shares have traded in a range of 3.13 - 10.95. The share price has gained 64.86% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $4.24 is below its 200-day moving average of $7.26. Shares of GNC Holdings have gained roughly 38.71 percent in the past month and are up 39.84 percent year-to-date.
Access RDI's GNC Holdings, Inc. Research Report at:
On Monday, shares of Herbalife recorded a trading volume of 858,082 shares, which was above the three months average volume of 844,488 shares. The stock ended the day 2.78% higher at 75.00. The share price has gained 47.93% from its 52 week low with a 52 week trading range of 50.70 - 79.64. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $69.46 is greater than its 200-day moving average of $69.31. Shares of the company are trading at a trailing Price to Earnings ratio of 17.00. Shares of Herbalife have gained roughly 7.77 percent in the past month and are up 10.75 percent year-to-date.
Access RDI's Herbalife Ltd. Research Report at:
Our Actionable Research on GNC Holdings, Inc. (NYSE:GNC) and Herbalife Ltd. (NYSE:HLF) can be downloaded free of charge at Research Driven Investing.
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