NEW YORK, NY / ACCESSWIRE / March 20, 2018 / The S&P 500 and the Nasdaq posted their worst daily loss since February 8th on Monday as a sharp decline in Facebook shares triggered a selloff in the technology sector. The S&P 500 Index declined 1.42 percent to close at 2,712.92, while the tech-heavy Nasdaq Composite Index dropped 1.84 percent to close at 7,344.24. The Dow Jones Industrial Average fell 1.35 percent to close at 24,610.91.

"Everyone knows that tech fundamentals are solid, but rumblings like what you are seeing today, that does sort of prompt people to think is this as good as it is going to get or should I take some profits here," said Eric Freedman, chief investment officer for U.S. Bank Wealth Management in Minneapolis, according to Reuters.

RDI Initiates Coverage on:

Oracle Corporation
https://rdinvesting.com/news/?ticker=ORCL

Alphabet Inc.
https://rdinvesting.com/news/?ticker=GOOG

Oracle's stock edged 0.61% lower Monday, to close the day at $51.95. The stock recorded a trading volume of 25,777,352 shares, which was above its three months average volume of 15,427,158 shares. In the last year, Oracle's shares have traded in a range of 43.60 - 53.48. The share price has gained 19.15% 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 $50.55 is greater than its 200-day moving average of $49.63. Shares of the company are trading at a Price to Earnings ratio of 22.32. Shares of Oracle have gained roughly 2.45 percent in the past month and are up 9.88 percent year-to-date.

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

On Monday, shares of Alphabet recorded a trading volume of 2,805,937 shares, which was above the three months average volume of 1,706,765 shares. The stock ended the day 3.16% lower at 1,099.82. The share price has gained 36.90% from its 52 week low with a 52 week trading range of 803.37 - 1,186.89. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $1,107.22 is greater than its 200-day moving average of $1,042.24. Shares of Alphabet are trading at a Price to Earnings ratio of 61.11. Shares of Alphabet have gained roughly 0.46 percent in the past month and are up 3.27 percent year-to-date.

Access RDI's Alphabet Inc. Research Report at:
https://rdinvesting.com/news/?ticker=GOOG

Our Actionable Research on Oracle Corporation (NYSE:ORCL) and Alphabet Inc. (NASDAQ:GOOG) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com