NEW YORK, NY / ACCESSWIRE / May 24, 2018 / U.S. markets rebounded modestly on Wednesday, following the release of Fed's minutes of the meeting, which suggest that the central bank will be slightly dovish in raising interest rate. The Dow Jones Industrial Average gained 0.21 percent to close at 24,886.81, while the S&P 500 Index increased 0.32 percent to close at 2,733.29. The Nasdaq Composite Index climbed 0.64 percent to close at 7,425.96.

?The 2% inflation target is not sacrosanct, the current environment required more flexibility from the Fed to let the economy grow at a faster pace,? said Quincy Krosby, chief market strategist at Prudential Financial. ?The minutes from the Fed suggest they are willing to keep rates lower for longer to allow the economy to recover,? Krosby added.

RDI Initiates Coverage on:

Amazon.com, Inc.
https://rdinvesting.com/news/?ticker=AMZN

Williams-Sonoma, Inc.
https://rdinvesting.com/news/?ticker=WSM

Amazon.com's stock moved 1.29% higher Wednesday, to close the day at $1,601.86. The stock recorded a trading volume of 2,967,916 shares, which was below its three months average volume of 5,324,246 shares. In the last year, Amazon.com's shares have traded in a range of 927.00 - 1,638.10. The share price has gained 72.80% 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 $1,529.89 is greater than its 200-day moving average of $1,380.18. Shares of the company are trading at a Price to Earnings ratio of 260.47. Shares of Amazon.com have gained roughly 5.53 percent in the past month and are up 36.97 percent year-to-date.

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

On Wednesday, shares of Williams-Sonoma recorded a trading volume of 4,671,653 shares, which was above the three months average volume of 1,771,882 shares. The stock ended the day 3.97% higher at 49.18. The share price has gained 15.23% from its 52-week low with a 52-week trading range of 42.68 - 56.38. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $48.97 is below its 200-day moving average of $51.22. Shares of Williams-Sonoma, Inc. are trading at a Price to Earnings ratio of 16.28. Shares of Williams-Sonoma have gained roughly 0.08 percent in the past month and are down 4.87 percent year-to-date.

Access RDI's Williams-Sonoma, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=WSM

Our Actionable Research on Amazon.com, Inc. (NASDAQ :AMZN) and Williams-Sonoma, Inc. (NYSE :WSM) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com