NEW YORK, NY / ACCESSWIRE / March 21, 2018 / Stock markets rallied Tuesday on gains from the energy and consumer discretionary sector. Wall Street appears to be eagerly awaiting details from the Federal Reserve's upcoming policy meeting. As per CME Group's FedWatch tool, as of Tuesday, market expectations for a March rate hike are 94.4 percent. The Dow Jones Industrial Average increased 0.47 percent to close at 24,727.27, while the S&P 500 Index gained 0.15 percent to close at 2,716.94. The Nasdaq Composite Index climbed 0.27 percent to close at 7,364.30.

"We've seen volatility come back into markets. Stocks have become more of a two-sided trade. Markets do seem more comfortable at these levels, but it'll probably take a month or two before things settle. We want to see more clarity with what's actually going on with trade, with underlying economic data. Those things will cause the market to break out one way or the other," said Shawn Cruz, senior markets specialist at TD Ameritrade.

RDI Initiates Coverage on:

Marathon Petroleum Corp.
https://rdinvesting.com/news/?ticker=MPC

HollyFrontier Corp.
https://rdinvesting.com/news/?ticker=HFC

Marathon Petroleum's stock moved 3.25% higher Tuesday, to close the day at $71.46. The stock recorded a trading volume of 4,723,539 shares, which was above its three months average volume of 3,908,153 shares. In the last year, Marathon Petroleum's shares have traded in a range of 47.78 - 73.53. The share price has gained 49.56% 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 $67.11 is greater than its 200-day moving average of $62.90. Shares of Marathon Petroleum are trading at a Price to Earnings ratio of 10.67. Shares of Marathon Petroleum have gained roughly 7.86 percent in the past month and are up 8.31 percent year-to-date.

Access RDI's Marathon Petroleum Corp. Research Report at:
https://rdinvesting.com/news/?ticker=MPC

On Tuesday, shares of HollyFrontier recorded a trading volume of 2,344,080 shares, which was below the three months average volume of 2,366,643 shares. The stock ended the day 3.78% higher at 48.01. The share price has gained 104.65% from its 52-week low with a 52-week trading range of 23.46 - 53.21. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $45.54 is greater than its 200-day moving average of $42.96. Shares of the company are trading at a Price to Earnings ratio of 10.62. Shares of HollyFrontier have gained roughly 4.41 percent in the past month and are down 6.27 percent year-to-date.

Access RDI's HollyFrontier Corp. Research Report at:
https://rdinvesting.com/news/?ticker=HFC

Our Actionable Research on Marathon Petroleum Corp. (NYSE:MPC) and HollyFrontier Corp. (NYSE:HFC) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com