NEW YORK, NY / ACCESSWIRE / November 10, 2017 / U.S. markets record rally stalled on Thursday on concerns of a delay in President Trump's proposed tax plan. The Dow Jones Industrial Average declined 0.43 percent to close at 23,461.94, while the S&P 500 Index fell 0.38 percent to close at 2,584.62. The Nasdaq Composite Index dropped 0.58 percent to close at 6,750.05. The new tax plan would see the corporate tax rate slashed from 35 percent to 20 percent. A newly proposed plan by the Senate would delay the tax cut until 2019.

"A combination of worries about the tax delay and news about Department of Justice's stance on the AT&T deal sparked a mild risk-off day," said Kate Warne, investment strategist at Edward Jones, according to MarketWatch.

"It's a sign that regulatory regime is not quite as favorable as investors first thought, while delays to tax reform means slower growth next year," Warne added.

RDI Initiates Coverage on:

Opko Health, Inc.
https://rdinvesting.com/news/?ticker=OPK

Omeros Corporation
https://rdinvesting.com/news/?ticker=OMER

Opko Health, Inc.'s stock fell 16.05% Thursday, to close the day at $5.42. The stock recorded a trading volume of 16,966,503 shares, which was above its three months average volume of 4,488,824 shares. In the last year, Opko Health, Inc.'s shares have traded in a range of 5.35 - 12.15. The stock is currently trading 55.43% below its 52-week high. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $6.78 is greater than its 200-day moving average of $6.59. Shares of Opko Health have fallen roughly 20.72 percent in the past month and are down 41.77 percent year-to-date.

Access RDI's Opko Health, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=OPK

On Thursday, shares in Omeros Corporation recorded a trading volume of 775,975 shares, which was below the three months average volume of 838,001 shares. The stock ended the day 1.09% lower at 14.09. The share price has gained 61.77% from its 52-week low with a 52-week trading range of 8.71 - 27.09.The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $18.74 is below its 200-day moving average of $19.39. Shares of Omeros Corporation have fallen roughly 34.92 percent in the past month and are up 42.04 percent year-to-date.

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

Our Actionable Research on Opko Health, Inc. (NASDAQ:OPK) and Omeros Corporation (NASDAQ:OMER) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com