|Day's Range||24,739.56 - 24,876.07|
|52 Week Range||19,677.94 - 24,876.07|
More U.S. Republicans Senators on Sunday said they expected Congress to pass the tax bill this week, with a Senate vote set for Tuesday and President Donald Trump expected to sign the bill into law by the end of the week. "The market is going to continue its rally based on the belief that we're going to see the Congress pass tax reform," said Robert Pavlik, Chief Investment Strategist at SlateStone Wealth in New York.
U.S. stocks rise, with major indexes hitting records on growing confidence congressional Republicans will succeed in getting a major tax bill passed this week.
Halliburton’s (HAL) one-week stock price was 1.4% higher until December 15, 2017. Since December 8, the Energy Select Sector SPDR ETF (XLE) has fallen 1%.
U.S. stock indexes all rose on Monday, with the Dow, S&P and Nasdaq hitting intraday records. Growing expectations for the passage of corporate tax cut legislation has helped buoy equities. The S&P 500 ...
Wall Street's three main indexes opened at record highs on Monday as the long-awaited tax overhaul plan looked set for legislation and a flurry of year-end corporate dealmaking that has topped $11 billion ...
After rising for three consecutive trading weeks, the S&P 500 traded with strength last week and recorded its fourth consecutive weekly gain.
The S&P 500 started this week on a stronger note. Despite a strong start, the market lost momentum as the week progressed and fell on Thursday.
The stock market dominates the headlines, but there are other asset classes setting new records. They may provide a clue for what to expect in 2018.
Stocks could continue to post strong gains as we move closer to the tax bill becoming law. The markets could face some headwinds due to the investigation of Russia’s connection with the Trump campaign during the 2016 election.
March E-mini Dow Jones Industrial Average futures posted a solid gain on Friday as investors shrugged off early concerns about tax reform only to be rewarded later in the session with news that the long-awaited bill to cut corporate tax rates looked like it would win enough support from lawmakers to pass. The intraday surge in the Dow was fueled when Senators Marco Rubio and Bob Corker, who had criticized the proposal, signaled support for the bill in the late afternoon. The E-mini Dow poked through the previous closing price reversal top at 24703, reaching a high of 24708, but the rally stalled there with most of the speculative money moving into the NASDAQ Composite which posted a 1.40% gain.
The Dow Jones Industrial Average climbed to a fresh high Friday as investors bet that a tax-overhaul plan before Congress will pass, likely boosting profits for many U.S. companies.
Thank goodness for tax reform. While Americans are divided about the impact of tax reform, as they are about most things these days, other countries aren’t so conflicted. Most notably, China worries about the effect of the U.S. slashing its corporate tax rate from a statutory 35% currently to 21%, which reportedly was agreed to by House-Senate conferees.
Stocks finished the week at all-time highs as the Republicans in Congress inched closer to passing their tax reform bill. The Nasdaq Composite climbed 1.4% this week after jumped 1.2% to 6936.58 today.