NEW YORK, NY / ACCESSWIRE / December 14, 2017 / U.S. markets were mixed Wednesday after the Federal Reserve raised interest rates for the third time this year. The Dow Jones Industrial Average rose 0.33 percent to close at 24,585.43, while the S&P 500 Index declined 0.05 percent to close at 2,662.85. It was the fourth day of consecutive record closes for both the Dow. The Nasdaq Composite Index gained 0.20 percent to close at 6,875.80. The Fed raised interest rates by 0.25 percent to range between 1.25 percent and 1.5 percent.

"There were no major surprises [in the announcement] and inflation remains below the Fed's target," said Jeff Carbone, managing partner of Cornerstone Financial Partners, according to CNBC. "The one thing to look out for is whether the economy starts to heat up. That could force the Fed to raise rates quicker."

RDI Initiates Coverage on:

Yamana Gold Inc.
https://rdinvesting.com/news/?ticker=AUY

Goldcorp Inc.
https://rdinvesting.com/news/?ticker=GG

Yamana Gold's stock jumped 6.10% Wednesday, to close the day at $2.61. The stock recorded a trading volume of 15,096,828 shares, which was above its three months average volume of 7,590,309 shares. In the last year, Yamana Gold's shares have traded in a range of 2.21 - 3.65. The share price has gained 18.10% from its 52-week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $2.60 is below its 200-day moving average of $2.63. Shares of Yamana Gold have fallen roughly 2.61 percent in the past month and are down 7.12 percent year-to-date.

Access RDI's Yamana Gold Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AUY

On Wednesday, shares in Goldcorp Inc. recorded a trading volume of 14,740,946 shares, which was above the three months average volume of 6,463,543 shares. The stock ended the day 5.95% higher at 12.46. The stock is currently trading 30.27% below its 52-week high with a 52-week trading range of 11.64 - 17.87. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $12.92 is below its 200-day moving average of $13.15. Shares of the company are trading at a Price to Earnings ratio of 20.80. Shares of Goldcorp have fallen roughly 6.03 percent in the past month and are down 8.38 percent year-to-date.

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

Our Actionable Research on Yamana Gold Inc. (NYSE:AUY) and Goldcorp Inc. (NYSE:GG) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com