NEW YORK, NY / ACCESSWIRE / August 21, 2017 / Geopolitical concerns combined with the resignation of multiple advisors to President Trump pressured markets lower last week. On Friday, the Dow Jones Industrial Average declined 0.35 percent to close at 21,674.51, down 0.84 percent for the week, while the S&P 500 Index fell 0.18 percent to close at 2,425.55, down 0.64 percent for the week. The NASDAQ Composite Index decreased 0.09 percent to close at 6,216.53, down 0.65 percent for the week.

"Longer-term trends at this point remain intact, so this remains a short-term pullback only. And it's tough to make too much of this," said Mark Newton, managing member at Newton Advisors, in a note, according to CNBC.

RDI Initiates Coverage on:

Snap Inc.
https://rdinvesting.com/news/?ticker=SNAP

Facebook Inc.
https://rdinvesting.com/news/?ticker=FB

Snap Inc.'s stock moved 4.94% higher Friday, to close the day at $14.01. The stock recorded a trading volume of 46,204,708 shares, which was above its three months average volume of 22,008,100 shares. In the last year Snap Inc.'s shares have traded in a range of 11.28 - 29.44. The share price has gained 24.20% from its 52 week low. The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $14.47 is below its 200-day moving average of $18.88. Shares of Snap have fallen approximately 42.77 percent year-to-date.

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

On Friday, shares of Facebook Inc. recorded a trading volume of 15,093,638 shares, which was below the three months average volume of 18,016,900 shares. The stock ended the day 0.30% higher at 167.41. The share price has gained 47.43% from its 52 week low with a 52 week trading range of 113.55 - 175.49.The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $163.85 is greater than its 200-day moving average of $148.79. Shares of Facebook Inc. are trading at a Price to Earnings ratio of 37.47. Shares of Facebook have gained approximately 45.51 percent year-to-date.

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

Our Actionable Research on Snap Inc. (NYSE:SNAP) and Facebook Inc. (NASDAQ:FB) can be downloaded free of charge at Research Driven Investing.

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