NEW YORK, NY / ACCESSWIRE / November 2, 2017 / The Dow Jones and S&P 500 opened the month of November in the green Wednesday after the Federal Reserve announced it would leave interest rates unchanged. The Dow Jones Industrial Average gained 0.25 percent to close at 23,435.01, while the S&P 500 Index rose 0.16 percent to close at 2,579.36. The NASDAQ Composite Index declined 0.17 percent to close at 6,716.53.

"Today's Fed announcement held more of the same. They are proceeding along a gradual and well telegraphed pace of rate increases with all signs continuing to point to a December rate hike," said Alexandra Coupe, an associate director at PAAMCO, according to MarketWatch.

RDI Initiates Coverage on:

GoPro Inc.
https://rdinvesting.com/news/?ticker=GPRO

Snap Inc.
https://rdinvesting.com/news/?ticker=SNAP

GoPro's stock moved 2.30% higher Wednesday, to close the day at $10.67. The stock recorded a trading volume of 9,845,968 shares, which was above its three months average volume of 6,906,341 shares. In the last year, GoPro's shares have traded in a range of 7.14 - 13.09. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $10.34 is greater than its 200-day moving average of $9.08. Shares of GoPro have gained approximately 22.5 percent year-to-date.

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

On Wednesday, shares of Snap Inc. recorded a trading volume of 20,443,841 shares, which was below the three months average volume of 29,257,770 shares. The stock ended the day 5.41% lower at 14.51. The share price has gained 28.64% from its 52-week low with a 52-week trading range of 11.28 - 29.44.The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $14.90 is less than its 200-day moving average of $16.75. Shares of Snap have fallen approximately 40.73 percent year-to-date.

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

Our Actionable Research on GoPro Inc. (NASDAQ: GPRO) and Snap Inc. (NYSE: SNAP) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com