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Stocks soar on tax reform optimism

Stocks (^DJI, ^GSPC, ^IXIC) surging as traders see tax reform gaining momentum, in Washington. Plus – Salesforce earnings out any minute now, we’ll have them for you. And – management shakeup at Macy’s. Will a new digital focus make shares a buy? Catch The Final Round at 4 p.m. with Jen Rogers and Yahoo Finance markets correspondent Nicole Sinclair.

Winners and losers

Stocks on the move lower today incluce Redfin as analyst coverage of the XXX was lukewarm following the end of its post-IPO quiet period, Hain Celestial as Susquehanna downgraded the tea and food maker to ‘neutral’ citing valuation, and Coty – shares of the beauty products maker getting hit with the ugly stick as higher marketing expenses hit the bottom line.

Stocks in the winning column include DSW as the show retailer beat on earnings and reported a surprise gain in same-store sales, VMWare as Deutsche Bank upgraded the virtualization firm to ‘buy’ with a $120 price target, and Macy’s – shares getting a boost as department store hired senior eBay executive Hal Lawton as its new president.

NFL’s image problem

Safe to say, NFL owners were hoping Colin Kaepernick and his protests against racial injustice and police brutality were going to be relegated to last season. It’s not shaping up that way. Dan Roberts joins us to talk about the business implications.