NEW YORK, NY / ACCESSWIRE / September 26, 2017 / U.S. markets dropped Monday as geopolitical tensions between the U.S. and North Korea grew and as technology stocks slumped. The Dow Jones Industrial Average declined 0.24 percent to close at 22,296.09, while the S&P 500 Index fell 0.22 percent to close at 2,496.66. The tech-heavy NASDAQ Composite Index fell 0.88 percent to close at 6,370.59. Apple Inc., which is the NASDAQ's largest component by market value, decline for the 4th consecutive session.

"Today is mostly about rotation from big-winning tech stocks and into losing energy and retail stocks, which is usually a healthy sign of the bull market," said Michael Antonelli, equity sales trader at Robert W. Baird & Co.

"As we have seen before, any news from North Korea have an instant impact on markets, but usually it does not last," Antonelli said.

RDI Initiates Coverage on:

Transocean Ltd.
https://rdinvesting.com/news/?ticker=RIG

Seadrill Limited
https://rdinvesting.com/news/?ticker=SDRL

Transocean Ltd.'s stock jumped 7.67% on Monday, to close the day at $10.04. The stock recorded a trading volume of 33,041,916 shares, which was above its three months average volume of 15,976,800 shares. In the last year, Transocean Ltd.'s shares have traded in a range of 7.20 - 16.66. The share price has gained 39.38% 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 $8.40 is below its 200-day moving average of $9.81. Shares of Transocean have fallen approximately 31.95 percent year-to-date.

Access RDI's Transocean Ltd. Research Report at:
https://rdinvesting.com/news/?ticker=RIG

On Monday, shares of Seadrill Limited recorded a trading volume of 11,443,231 shares, which was above the three months average volume of 9,676,260 shares. The stock ended the day 1.05% higher at 0.39. The share price has gained 162.73% from its 52-week low with a 52-week trading range of 0.15 - 4.59.The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $0.28 is below its 200-day moving average of $0.60. Shares of Seadrill have fallen approximately 88.5 percent year-to-date.

Access RDI's Seadrill Limited Research Report at:
https://rdinvesting.com/news/?ticker=SDRL

Our Actionable Research on Transocean Ltd. (NYSE: RIG) and Seadrill Limited (NYSE: SDRL) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com