|Day's Range||2,830.59 - 2,842.24|
|52 Week Range||2,266.68 - 2,842.24|
Stocks trading in range as the Nasdaq and tech outperforms
Ray Dalio, founder of the hedge fund Bridgewater Associates said in an interview that the recent Trump tax cuts could lead to even bigger gains in the stock market. And he added quote, "If you're holding cash, you're going to feel pretty stupid." Yahoo Finance's Alexis Christoforous, Rick Newman, and Dion Rabouin discuss what this means for investors.
Verizon (VZ), America’s biggest carrier, said that the new tax code signed by President Donald Trump late last year would lead to a one-time reduction of its deferred tax liability. The new tax law saw corporate tax rates slashed from 35% to 21%. The company has $48.3 billion in deferred tax liabilities that will be reduced due to the lower corporate income tax rate.
If you’re currently sitting on the sidelines holding cash as the stock market heads to fresh records, you may be making a big mistake.
Stock indexes rose again today—except for the Dow, which finished down less than four points because Netflix is not part of the benchmark. The S&P 500 rose 0.2%, to 2839.13, while the Dow Jones Industrial Average dipped 3.79 points, to 26,210.81. The Nasdaq Composite gained 0.7%, to 7460.29, thanks to Netflix's (NFLX) 10% post-earnings rally.
On a per-share basis, the Columbus, Georgia-based company said it had net income of $1.31. Earnings, adjusted for one-time gains and costs, came to 82 cents per share. The results surpassed Wall Street ...
World stock markets rose on Tuesday, with the S&P 500 getting a lift from upbeat earnings from companies such as Netflix, while the U.S. dollar slipped to a three-year low against a basket of major currencies. In U.S. stocks, Netflix closed up 10.0 percent and hit a record high after the video-streaming pioneer beat Wall Street targets for new subscribers in the fourth quarter. The majority of S&P 500 results so far this earnings season have been stronger than expected.
Technology and consumer-focused companies led U.S. stocks to more records Tuesday. Netflix soared after saying it gained more than 8 million subscribers at the end of 2017. On Tuesday: The Standard & Poor's ...