NEW YORK, NY / ACCESSWIRE / February 9, 2018 / U.S. markets continued to plunge alongside rising interest rates on Thursday. The Dow Jones Industrial Average dropped 4.15 percent to close at 23,860.46, while the S&P 500 Index fell 3.75 percent to close at 2,581.00. The Dow Jones is currently on pace to post its largest weekly decline since October of 2008. The Nasdaq Composite Index declined 3.90 percent to close at 6,777.16. The yield on the benchmark 10-year U.S. Treasury note touched a high of 2.88 percent before settling to close at 2.848 percent on Thursday.

"The big news revolves around bond yields continuing their recent ascent," said Mark Newton, managing member at Newton Advisors, according to CNBC. "Getting over 3.05 percent would indeed break the 30-year downtrend and be very important to suggesting yields should begin a long-term trend higher."

RDI Initiates Coverage on:

J.B. Hunt Transport Services, Inc.
https://rdinvesting.com/news/?ticker=JBHT

YRC Worldwide, Inc.
https://rdinvesting.com/news/?ticker=YRCW

J.B. Hunt Transport Services' stock moved 2.46% lower Thursday, to close the day at $114.81. The stock recorded a trading volume of 1,662,622 shares, which was above its three months average volume of 980,529 shares. In the last year, J.B. Hunt Transport Services' shares have traded in a range of 83.35 - 126.49. The share price has gained 37.74% 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 $119.09 is greater than its 200-day moving average of $106.66. Shares of J.B. Hunt Transport Services are trading at a Price to Earnings ratio of 18.58. Shares of J.B. Hunt Transport Services have fallen roughly 2.73 percent in the past month and are down 0.15 percent year-to-date.

Access RDI's J.B. Hunt Transport Services, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=JBHT

On Thursday, shares in YRC Worldwide recorded a trading volume of 1,334,522 shares, which was above the three months average volume of 764,658 shares. The stock ended the day 7.49% lower at 9.63. The share price has gained 30.84% from its 52 week low with a 52 week trading range of 7.36 - 17.61. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $15.01 is greater than its 200-day moving average of $13.40. Shares of YRC Worldwide have fallen roughly 34.13 percent in the past month and are down 33.03 percent year-to-date.

Access RDI's YRC Worldwide, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=YRCW

Our Actionable Research on J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) and YRC Worldwide, Inc. (NASDAQ:YRCW) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: RDInvesting.com