NEW YORK, NY / ACCESSWIRE / February 22, 2018 / U.S. markets spiked to session highs after minutes from the Fed's January meeting were released, but then dropped as yields for the 10-year Treasury note jumped to 2.95 percent. The Dow Jones Industrial Average touched a high of 25,267.99, before settling to close at 24,797.78, down 0.67 percent, while the S&P 500 Index hit a high of 2,747.75 before settling to close at 2,701.33, a decrease of 0.55 percent. The Nasdaq Composite Index touched a high of 7,338.64 in intraday trading before settling to close at 7,218.23, a decrease of 0.22 percent.

"Today's minutes didn't give us much of what we didn't already know: rates are going up this year, inflation is rising modestly, unemployment remains low, and wages are ticking up, albeit slightly," said Mike Loewengart, vice president of investment strategy at E-Trade, according to CNBC. "The economy does not feel overheated, it feels like it's continuing its positive momentum from last year. Should we see a string of inflation metrics that suggests otherwise, then the thesis changes."

RDI Initiates Coverage on:

Herbalife Ltd.
https://rdinvesting.com/news/?ticker=HLF

Shopify Inc.
https://rdinvesting.com/news/?ticker=SHOP

Herbalife's stock edged 0.01% lower Wednesday, to close the day at $82.94. The stock recorded a trading volume of 593,237 shares, which was below its three months average volume of 968,762 shares. In the last year, Herbalife's shares have traded in a range of 50.70 - 84.96. The share price has gained 63.59% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $77.05 is greater than its 200-day moving average of $71.05. Shares of the company are trading at a Price to Earnings ratio of 18.80. Shares of Herbalife have gained roughly 13.66 percent in the past month and are up 22.47 percent year-to-date.

Access RDI's Herbalife Ltd. Research Report at:
https://rdinvesting.com/news/?ticker=HLF

On Wednesday, shares of Shopify recorded a trading volume of 5,361,114 shares, which was above the three months average volume of 1,513,760 shares. The stock ended the day 6.92% lower at 132.90. The share price has gained 126.68% from its 52-week low with a 52-week trading range of 58.63 - 146.12. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $120.68 is greater than its 200-day moving average of $108.62. Shares of Shopify have gained roughly 15.08 percent in the past month and are up 31.58 percent year-to-date.

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

Our Actionable Research on Herbalife Ltd. (NYSE:HLF) and Shopify Inc. (NYSE:SHOP) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com