NEW YORK, NY / ACCESSWIRE / June 5, 2018 / Wall Street closed up Monday on the back of strong performances by the consumer discretionary and technology sectors. Investors appear to be focusing on positive economic data, instead of recent geopolitical concerns. The Dow Jones Industrial Average increased 0.72 percent to close at 24,813.69, while the S&P 500 Index climbed 0.45 percent to close at 2,746.87. The Nasdaq Composite Index was up 0.69 percent to close at 7,606.46.

"Latest economic reports indicate that consumers finally have confidence and extra income to spend on big-ticket items. Really low levels of unemployment and underemployment bode well for the retail sector and the market in general," said Diane Jaffee, senior portfolio manager at TCW Group.

"It is always a plus to have a tech behemoth like Apple touching all-time highs, since Apple makes up such a huge part of all three major indices," said Ken Berman, strategist at Gorilla Trades.

RDI Initiates Coverage on:

Nektar Therapeutics
https://rdinvesting.com/news/?ticker=NKTR

Align Technology, Inc.
https://rdinvesting.com/news/?ticker=ALGN

Nektar Therapeutics's stock moved 41.82% lower Monday, to close the day at $52.57. The stock recorded a trading volume of 30,451,848 shares, which was above its three months average volume of 3,481,468 shares. In the last year, Nektar Therapeutics's shares have traded in a range of 17.51 - 111.36. The share price has gained 200.23% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $82.46 is above its 200-day moving average of $79.33. Shares of Nektar Therapeutics have fallen roughly 31.9 percent in the past month and are down 11.97 percent year-to-date.

Access RDI's Nektar Therapeutics Research Report at:
https://rdinvesting.com/news/?ticker=NKTR

On Monday, shares of Align Technology recorded a trading volume of 761,163 shares, which was below the three months average volume of 972,496 shares. The stock ended the day 3.04% higher at $343.20. The share price has fallen 0.2% from its 52-week high with a 52-week trading range of 139.00 - 343.88. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $281.48 is above its 200-day moving average of $259.25. Shares of the company are trading at a Price to Earnings ratio of 121.27. Shares of Align Technology have gained roughly 32.53 percent in the past month and are up 54.46 percent year-to-date.

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

Our Actionable Research on Nektar Therapeutics (NASDAQ: NKTR) and Align Technology, Inc. (NASDAQ: ALGN) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com