|Day's Range||2,659.14 - 2,679.63|
|52 Week Range||2,233.62 - 2,679.63|
CSX CEO Hunter Harrison died Saturday from complications from an undisclosed illness. The rail operator's stock plunged Friday on word that he was taking a medical leave of absence.
Political events in 2018 reveal a historical trend that could stall the market rally, says one strategist.
The powerful stock market gains have pushed the S&P 500 to a 1.48% gain for the month of December. Surprisingly that is close to the average December return for the S&P 500 of 1.54% since 1950. But during this bull market what has a strong December meant for stock prices in January?
U.S. stocks have been trading near record levels all year, but that hasn’t stopped companies from buying back more of their own stock.
Even as pundits play down the possibility of government coming to a screeching halt, the threat may keep some jittery investors sidelined.
The Walt Disney Co. on Thursday said it would buy selected assets of 21st Century Fox, in the latest multibillion-dollar deal of 2017. Also on Thursday, details began to emerge over the Republican tax ...
Businesses are getting a profit windfall from the Republican tax bill, but after this year’s stock market rally, the gains won’t make their shares look cheap.
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.
The S&P 500 broke down during the week, breaking above the top of the hammer from the previous week, which of course is a sign that we are ready to continue to see a bullish market. I think at this point, 2700 is an obvious target.
The S&P 500 had a very bullish session on Marco Rubio suggested that he would support the tax plan coming out of the Republican Congress, making it much more likely that we will see tax reform in America finally.
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.
Congressional Republicans on Friday unveiled the final version of their dramatic U.S. tax overhaul - debt-financed cuts for businesses, the wealthy and some middle-class Americans - and picked up crucial support from two wavering senators ahead of planned votes by lawmakers early next week. Prospects for approval soared after Republican senators Marco Rubio and Bob Corker pledged support. Three Republican senators, enough to defeat the measure in a Senate that Trump's party controls with a slim 52-48 majority, remained uncommitted: Susan Collins, Jeff Flake and Mike Lee.
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.
Congress could give corporate America one giant gift-wrapped tax package next week, and that could help fuel an even higher-octane Santa rally in stocks.
By Stephanie Kelly NEW YORK (Reuters) - Shares gained worldwide on Friday and Wall Street notched closing record highs on U.S. tax legislation optimism, while the U.S. yield curve turned its flattest in ...
Shares gained worldwide on Friday and Wall Street notched closing record highs on U.S. tax legislation optimism, while the U.S. yield curve turned its flattest in a decade after the Federal Reserve hiked ...
When volatility is already very low, equity valuations high, monetary policy on a tightening path and lots of geopolitical uncertainty, it is only logical to expect more pullbacks along the way.
Wall Street's three major indexes climbed to record closing highs on Friday with broad-based gains as a long-awaited bill to cut corporate tax rates looked like it would win enough support from lawmakers to pass. Republican Senator Bob Corker joined Senator Marco Rubio in signalling support in the late afternoon. Rubio had criticized the initial proposal, saying it did not give enough tax relief to working families, while Corker, had expressed concerned about the bill's impact on the federal deficit.
When historians look back on the 2017 stock market, it will be weeks like this that they remember. Three up days, two down, volatility nowhere in sight, and a wire-to-wire gain of less than 1 percent.
All three main U.S. stock-market benchmarks close at fresh records on Friday and book weekly gains, as investors grow optimistic about the progress of the Republican-led tax cut bill.