NEW YORK, NY / ACCESSWIRE / March 2, 2018 / Markets continued to slide Thursday after President Trump announced that tariffs on steel and aluminum imports were on the way. The Dow Jones Industrial Average dropped 1.68 percent to close at 24,608.92, while the S&P 500 Index fell 1.33 percent to close at 2,677.67. The Nasdaq Composite Index declined 1.27 percent to close at 7,180.56. The President stated tariffs on imports would be 25 percent on steel and 10 percent on aluminum.

"That could really spook the market," said Marc Chaikin, CEO of Chaikin Analytics, according to CNBC. "The biggest wildcard would be a trade war and nobody should be excited for that."

RDI Initiates Coverage on:

Splunk Inc.
https://rdinvesting.com/news/?ticker=SPLK

Vmware, Inc.
https://rdinvesting.com/news/?ticker=VMW

Splunk's stock edged 0.47% higher Thursday, to close the day at $93.64. The stock recorded a trading volume of 2,685,916 shares, which was above its three months average volume of 1,518,145 shares. In the last year, Splunk's shares have traded in a range of 54.17 - 97.27. The share price has gained 72.86% 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 $91.22 is greater than its 200-day moving average of $76.45. Shares of Splunk have gained roughly 1.4 percent in the past month and are up 13.04 percent year-to-date.

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

On Thursday, shares of Vmware recorded a trading volume of 6,306,532 shares, which was above the three months average volume of 2,924,625 shares. The stock ended the day 6.14% lower at 123.66. The share price has gained 44.72% from its 52 week low with a 52 week trading range of 85.45 - 165.00. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $126.84 is greater than its 200-day moving average of $118.51. Shares of the company are trading at a Price to Earnings ratio of 44.51. Shares of Vmware have fallen roughly 1.63 percent in the past month and are down 1.32 percent year-to-date.

Access RDI's Vmware, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=VMW

Our Actionable Research on Splunk Inc. (NASDAQ:SPLK) and Vmware, Inc. (NYSE:VMW) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com