NEW YORK, NY / ACCESSWIRE / April 13, 2018 / U.S. markets jumped Thursday as investor's attention shifted from current geopolitical tensions to the upcoming earnings season. Bank stocks were the top gainers in the market as J.P. Morgan Chase, Citigroup and Goldman Sachs all rose more than 2 percent. The Dow Jones Industrial Average spiked 1.21 percent to close at 24,483.05, while the S&P 500 Index jumped 0.83 percent to close at 2,663.99. The Nasdaq Composite Index rose 1.01 percent to close at 7,140.25.

"On one hand, you have earnings that are expected to be strong and the S&P 500 has repeatedly tested its 200-day moving average and held above it. On the other, you have erratic policies and questions over what will happen in Syria, with trade, with the Russia investigation," said Donald Selkin, chief market strategist at Newbridge Securities, according to MarketWatch.

RDI Initiates Coverage on:

Micron Technology, Inc.
https://rdinvesting.com/news/?ticker=MU

NVIDIA Corporation
https://rdinvesting.com/news/?ticker=NVDA

Micron Technology's stock moved 4.18% higher Thursday, to close the day at $52.59. The stock recorded a trading volume of 44,341,344 shares, which was below its three months average volume of 54,510,759 shares. In the last year, Micron Technology's shares have traded in a range of 26.36 - 63.42. The share price has gained 99.51% 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 $52.98 is greater than its 200-day moving average of $45.40. Shares of the company are trading at a Price to Earnings ratio of 8.22. Shares of Micron Technology have fallen roughly 11.42 percent in the past month and are up 27.89 percent year-to-date.

Access RDI's Micron Technology, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=MU

On Thursday, shares of NVIDIA recorded a trading volume of 13,920,602 shares, which was below the three months average volume of 16,866,362 shares. The stock ended the day 3.70% higher at 234.60. The share price has gained 145.68% from its 52 week low with a 52 week trading range of 95.49 - 254.50. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $237.14 is greater than its 200-day moving average of $215.34. Shares of the company are trading at a Price to Earnings ratio of 48.67. Shares of NVIDIA have fallen roughly 6.07 percent in the past month and are up 21.24 percent year-to-date.

Access RDI's NVIDIA Corporation Research Report at:
https://rdinvesting.com/news/?ticker=NVDA

Our Actionable Research on Micron Technology, Inc. (NASDAQ :MU) and NVIDIA Corporation (NASDAQ :NVDA) can be downloaded free of charge at Research Driven Investing.

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