NEW YORK, NY / ACCESSWIRE / February 26, 2018 / U.S. market rallied on Friday as investors awaited an update on interest rates from the Federal Reserve. The Dow Jones Industrial Average was up by 1.39 percent to close at 25,309.99, benefiting from gains in companies like Goldman Sachs Group, while the Nasdaq Composite Index spiked 1.77 percent to close at 7,337.39. The S&P 500 Index jumped 1.60 percent to close at 2,747.30, with the utilities sector closing up above 2 percent and telecommunication closing above 1%.

"I think it was very impressive move for stocks [Friday] after seeing these heavy market selloffs," said J.J. Kinahan, chief strategist at TD Ameritrade. He also said that the monetary policy update and dovish comments from the Fed helped relieve market tension. "I think we are set up for an interesting Monday morning. Can we build on this momentum and go forward or is this as quick fade," Kinahan added.

RDI Initiates Coverage on:

YY Inc.
https://rdinvesting.com/news/?ticker=YY

Momo Inc.
https://rdinvesting.com/news/?ticker=MOMO

YY's stock jumped 5.00% Friday, to close the day at $136.25. The stock recorded a trading volume of 948,467 shares, which was below its three months average volume of 1,208,068 shares. In the last year, YY's shares have traded in a range of 42.90 - 142.97. The share price has gained 217.60% 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 $130.11 is greater than its 200-day moving average of $101.82. Shares of the company are trading at a Price to Earnings ratio of 21.56. Shares of YY have fallen roughly 2.95 percent in the past month and are up 20.51 percent year-to-date.

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

On Friday, shares of Momo recorded a trading volume of 17,961,176 shares, which was above the three months average volume of 5,776,188 shares. The stock ended the day 17.10% higher at 35.75. The share price has gained 58.96% from its 52-week low with a 52-week trading range of 22.49 - 46.69. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $29.22 is below its 200-day moving average of $31.30. Shares of Momo are trading at a Price to Earnings ratio of 24.24. Shares of Momo have gained roughly 20.13 percent in the past month and are up 46.04 percent year-to-date.

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

Our Actionable Research on YY Inc. (NASDAQ:YY) and Momo Inc. (NASDAQ:MOMO) can be downloaded free of charge at Research Driven Investing.

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