NEW YORK, NY / ACCESSWIRE / November 15, 2017 / U.S. markets fell Tuesday on slumping commodity prices, with U.S. crude oil posting its largest one day drop in over a month. The Dow Jones Industrial Average declined 0.13 percent to close at 23,409.47, while the S&P 500 Index fell 0.23 percent to close at 2,578.87. The Nasdaq Composite Index dropped 0.29 percent to close at 6,737.87. On Tuesday, the International Energy Agency said the recent rally in crude oil prices could be short-lived and global demand will be weaker-than-expected for the rest of the year and next.

"Since Friday, the theme has been deleveraging and taking risk off the table," said Larry Peruzzi, managing director of international equity trading at Mischler Financial, according to The Wall Street Journal. "Part of it has been profit-taking and part of it has been uncertainty with taxes and Washington."

RDI Initiates Coverage on:

Home Depot, Inc.
https://rdinvesting.com/news/?ticker=HD

Dick's Sporting Goods Inc.
https://rdinvesting.com/news/?ticker=DKS

Home Depot, Inc.'s stock moved 1.64% higher Tuesday, to close the day at $168.06. The stock recorded a trading volume of 10,284,002 shares, which was above its three months average volume of 4,572,081 shares. In the last year, Home Depot, Inc.'s shares have traded in a range of 122.92 - 168.14. The share price has gained 36.72% 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 $164.40 is greater than its 200-day moving average of $156.50. Shares of Home Depot, Inc. are trading at a Price to Earnings ratio of 24.19. Shares of Home Depot have gained roughly 2.18 percent in the past month and are up 25.34 percent year-to-date.

Access RDI's Home Depot, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=HD

On Tuesday, shares in Dick's Sporting Goods Inc. recorded a trading volume of 15,736,958 shares, which was above the three months average volume of 3,405,972 shares. The stock ended the day 2.77% lower at 25.59. The stock is currently trading 59.25% below its 52-week high with a 52-week trading range of 23.88 - 62.80.The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $26.20 is below its 200-day moving average of $34.15. Shares of the company are trading at a Price to Earnings ratio of 9.18. Shares of Dick's Sporting Goods have gained roughly 2.98 percent in the past month and are down 51.81 percent year-to-date.

Access RDI's Dick's Sporting Goods Inc. Research Report at:
https://rdinvesting.com/news/?ticker=DKS

Our Actionable Research on Home Depot, Inc. (NYSE:HD) and Dick's Sporting Goods Inc. (NYSE:DKS) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com