NEW YORK, NY / ACCESSWIRE / December 1, 2017 / Growing optimism of a tax overhaul helped lift U.S. markets to new highs on Thursday. The Dow Jones Industrial Average spiked 1.39 percent to close at 24,272.35, closing above the 24,000 plateau for the first time in history, while the S&P 500 Index jumped 0.82 percent to close at 2,647.58. The Nasdaq Composite Index rallied 0.73 percent to close at 6,873.97. The Dow posted a monthly gain of 3.8 percent in November for its 8th consecutive monthly gain, its longest streak since 1995, according to FactSet. The S&P 500 rose 2.8 percent in November, while the Nasdaq increased 2.2 percent.

"What had lifted the market in the first part of the year was an ever-improving economy and profitability. It wasn't about the prospect for tax reform. What you're seeing now, however, is the next leg where tax reform starts to get baked in. If you bake in what tax reform means, the market doesn't look pricey," said Alicia Levine, investment strategist at BNY Mellon Investment Management, according to MarketWatch.

RDI Initiates Coverage on:

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

Enbridge Inc.
https://rdinvesting.com/news/?ticker=ENB

Transocean Ltd.'s stock moved 2.22% higher Thursday, to close the day at $10.14. The stock recorded a trading volume of 11,465,734 shares, which was below its three months average volume of 14,027,942 shares. In the last year, Transocean Ltd.'s shares have traded in a range of 7.20 - 16.66. The share price has gained 40.83% 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 $10.52 is greater than its 200-day moving average of $9.30. Shares of Transocean have fallen roughly 3.43 percent in the past month and are down 31.21 percent year-to-date.

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

On Thursday, shares in Enbridge Inc recorded a trading volume of 6,969,399 shares, which was above the three months average volume of 2,415,776 shares. The stock ended the day 5.84% higher at 37.71. The stock is currently trading 15.30% below its 52-week high with a 52-week trading range of 34.39 - 44.52.The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $37.78 is below its 200-day moving average of $39.59. Shares of the company are trading at a Price to Earnings ratio of 30.96. Shares of Enbridge have fallen roughly 1.88 percent in the past month and are down 13.89 percent year-to-date.

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

Our Actionable Research on Transocean Ltd. (NYSE:RIG) and Enbridge Inc. (NYSE:ENB) can be downloaded free of charge at Research Driven Investing.

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