NEW YORK, NY / ACCESSWIRE / February 24, 2017 / The Dow Jones Industrial continued its streak with its 10th consecutive record close on Thursday. This has been the first time the Dow has gained for 10 straight sessions since March 2013. The Dow gained 0.17 percent to close at 20,810.32, up 5.3 percent year-to-date. The Nasdaq fell 0.43 percent to close at 5,835.51, up 8.4 percent year-to-date. The tech focused Index has closed at new highs 19 times in 2017, which is the most since 1999, according to the WSJ Market Data Group. The Post-Election rally has yet to stall as President Trump has promised a more tax friendly environment for businesses, which the market is eagerly awaiting more details on.

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"Nobody expects [Trump] to get his entire program enacted, but his economic efforts will be viewed as a success if even half is put in place and growth increases 1% with only modest inflation and a minor increase in the budget deficit," said Byron Wien, vice chairman of Blackstone's multi-asset investment group. "That's what the stock market is telling us is going to happen, and let's hope the stock market is right."

"Our general view for a while has been that valuations are just high, but that doesn't mean the market has to go down immediately, it just means that longer-term returns may not be as robust," said Paul Nolte, portfolio manager at Kingsview Asset Management. "In the short run we can continue our methodical grind higher, as we've been doing since the election, but the longer-term picture is looking a bit rougher."

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Nvidia's shares dropped 9.27 percent to close at $100.49 a share on Thursday. The stock traded between $99.68 and $106.39 on volume of 39.82 million shares traded. Shares of the company fell sharply after it received downgrades from two separate analysts. BMO Capital analyst Ambrish Srivastava lowered the company's rating to "underperform" from "market perform", the first change in at least 2 ½ years, and lowered Nvidia's price target to $85 from $100. Instinet analyst Romit Shah has also downgraded Nvida's rating to "reduce" from "buy" and cut his price target on the stock to $90 from $100. Shah had raised Nvidia's price target from $80 to $100 about two weeks ago. Consensus rating on the company's stock is "outperform".

"In addition to a significant premium to [comparisons], investors should recognize that the market's enthusiasm for Nvidia's emerging businesses is historically short-lived," Shah wrote in a note to clients. "We believe consensus is underappreciating a slowdown in gaming and the potential impact to the multiple."

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Sturm Ruger & Company's shares declined 0.30 percent to close at $50.15 a share on Thursday. The stock traded between $49.90 and $51.55 on volume 640,270 shares traded. The company reported diluted earnings were $1.10 per share for the fourth quarter of 2016, compared to $0.88 per share in the same quarter a year ago. Net sales totaled $161.8 million in the fourth quarter of 2016, an increase of 6.2 percent when compared to net sales of $152.4 million a year ago. In total, net sales increased 21 percent year-over-year in 2016.

The Company also announced that its Board of Directors declared a dividend of 44¢ per share for the fourth quarter, for shareholders of record as of March 17, 2017, payable on March 31, 2017.

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Today's Features Includes:

NVIDIA Corporation (NASDAQ: NVDA)

Sturm Ruger & Company Inc. (NYSE: RGR)

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