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The treasury secretary gave an ’absolute guarantee' that a tax overhaul would be signed into law by the end of the year. Yahoo Finance’s Alexis Christoforous, Dan Roberts, and Kevin Mahn, CIO of Hennion & Walsh Asset Management discuss whether or not investors should trust Mnuchin’s tax prediction.
The Dow powered past the 23,000 mark at the open of trading on Wednesday. The blue chip index has hit one milestone after another this year and hit its 50th record close yesterday. Wall Street veteran--Sam Stovall, Chief Investment Strategist at CFRA explains why he thinks that there is some more upside left in the stock market.
According to a new survey from Bank of America, more fund managers expect the economy to look like Goldilocks instead of Secular Stagnation.
The yield on the 2-year Treasury note was trading at 1.58%, up from 1.50% on Friday and 0.80% a year ago, while yields on the 10-year Treasury rose only slightly to 2.34% from 2.30% on Tuesday. The iShares 20+ Year Treasury Bond ETF (TLT) slipped nearly 0.7% to $125.10, while the iShares 1-3 Year Treasury Bond ETF (SHY) fell just 0.04% to $84.28. Late Wednesday, the difference between two-year and 10-year Treasury note yields rose slightly to 0.76 percentage point from nearly 0.75 on Tuesday.
The Dow Jones Industrial Average punched firmly higher on Wednesday, to a historic close above 23,000. However, the record-setting advance for the more than 120-year old stock-market gauge might hint at ...
The major indexes hit record highs today, but only one--the Dow Jones Industrial Average--did it with gusto. The S&P 500 rose 0.1% to 2561.26 today--a record high--while the Nasdaq Composite ticked up 6624.22, also a new high. The Dow Jones Industrial Average, however, gained 160.16 points, or 0.7%, to 23,157.60, a new record high and its first close above 23,000.
Beware stock market investors. Tax cuts are critical to maintaining their record-setting ascent, according to Steven Mnuchin.
The Dow Jones Industrial Average closed above 23,000 for the first time on Wednesday, driven by a jump in IBM after it hinted at a return to revenue growth. The Dow hit 22,000 on Aug. 2, only 54 trading days earlier and roughly half the time it took the index to move from 21,000 to 22,000. This marks the fourth time this year the Dow has reached a 1,000-point milestone.
China’s Communist Party Congress is getting ready to hold a meeting that only takes place once every five years on Wednesday. Yahoo Finance’s Alexis Christoforous and editor-in-chief Andy Serwer discuss what investors will be watching during this very important meeting.