NEW YORK, NY / ACCESSWIRE / July 28, 2017 / U.S. markets retreated from records Thursday as tech stocks slumped sharply, despite positive earnings from Facebook. Additionally, the Dow Jones Transport Average, which is largely considered one of the measures of the economy's health, dropped 3.2 percent, as United Parcel Service dropped sharply on a less-than-stellar outlook. The S&P 500 declined 0.10 percent close at 2,475.42, while the Nasdaq fell 0.63 percent to close at 6,382.19. The Dow Jones Industrial Average increased 0.39 percent to close at 21,796.55.

"After Facebook earnings, people are getting jittery about valuations, so there's a rebalancing going on," said Diane Jaffee, senior portfolio manager at TCW.

"The general sentiment of the market coming into the day was that transportation stocks are telling us something that we're not paying attention to," said Art Hogan, chief market strategist at Wunderlich Securities in New York.

RDI Initiates Coverage on:

Starbucks Corporation (NASDAQ: SBUX)
https://ub.rdinvesting.com/news/?ticker=SBUX

Verizon Communications Inc. (NYSE: VZ)
https://ub.rdinvesting.com/news/?ticker=VZ

Starbucks Corporation's stock moved 2.69% higher Thursday, to close the day at $59.50. The stock recorded a trading volume of 23,286,716 shares, which was above its three months average volume of 7,961,780 shares. In the last year, Starbucks Corporation's shares have traded in a range of 50.84 - 64.87. The share price has gained 17.03% from its 52 week low. The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $59.13 is greater than its 200-day moving average of $58.57. Shares of the company are trading at a Price to Earnings ratio of 29.43. Shares of Starbucks Corporation have gained approximately 7.17 percent year-to-date.

Access RDI's Starbucks Corporation Research Report at: https://ub.rdinvesting.com/news/?ticker=SBUX

On Thursday, shares in Verizon Communications Inc. recorded a trading volume of 44,702,494 shares, which was above the three months average volume of 14,331,800 shares. The stock ended the day 7.68% higher at 47.81. The stock is currently trading 14.35% below its 52-week high with a 52-week trading range of 42.80 - 55.82.The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $44.86 is below its 200-day moving average of $47.62. Shares of the company are trading at a Price to Earnings ratio of 15.99. Shares of Verizon Communications Inc. have fallen approximately 10.43 percent year-to-date.

Access RDI's Verizon Communications Inc. Research Report at: https://ub.rdinvesting.com/news/?ticker=VZ

Our Actionable Research on Starbucks Corporation (NASDAQ: SBUX) and Verizon Communications Inc. (NYSE: VZ) can be downloaded free of charge at Research Driven Investing.

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