|Day's Range||6,871.4551 - 6,945.8242|
|52 Week Range||5,371.8901 - 6,945.8242|
Keith Bliss of Cuttone and Company joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss what the Federal Reserve will do in 2018 — particularly if wage pressures pick up.
Micron Technology Inc. is expected to remain a big beneficiary of commodity memory chip pricing, which has surged in the past year, and investors will be focused on supply and demand issues going into ...
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 interest rates this week. MSCI's gauge of stocks across the globe gained 0.31 percent after a week of central bank meetings that saw the Fed raise U.S. rates yet leave its rate outlook for the coming years unchanged.
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.
Republican Senator Bob Corker joined Senator Marco Rubio in signaling 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. The bill is expected to drop corporate tax rates to 21 percent from 35 percent and some investors are betting that companies will put most of the savings toward a boost in shareholder payouts.
Stocks rallied to record highs as Trump tax cuts moved closer to final passage. Disney is buying most of Fox and launched "The Last Jedi." The Fed still sees 3 hikes in 2018, while the FCC ended net neutrality.
Wall Street's three major indexes tallied record closing highs on Friday with broad gains across sectors as a long-awaited tax bill that would cut corporate tax rates looked like it would win enough support ...
All main stock benchmarks closed at records on Friday with the S&P 500 and the Dow Jones Industrial Average extending their weekly winning streak to four as Republicans prepared to outline their final ...
Wall Street's three major indexes scaled new heights on Friday, with all major sectors pushing higher as a long-awaited tax bill that would cut corporate tax rates looked like it would win support among lawmakers. Republicans were expected to release final details of their plan on Friday, with decisive votes in the House of Representatives and the Senate seen next week. By late afternoon CNBC was reporting that Republican Marco Rubio would support a compromise bill.
World shares gained on Friday and Wall Street opened higher on U.S. tax legislation optimism, while the U.S. yield curve hit its flattest in a decade after the Federal Reserve hiked interest rates earlier this week. MSCI's gauge of stocks across the globe gained 0.35 percent after a week of central bank meetings that saw the U.S. Federal Reserve raise interest rates yet left its rate outlook for the coming years unchanged.
By late afternoon CNBC was reporting that Republican Marco Rubio would support a compromise bill. Rubio had spoken out against the bill as he sought an expansion of child tax credits. "It's the Marco Rubio watch today and the market seems to be responding to the latest on whether he will or won't support the tax reform bill," said David Joy, chief market strategist at Ameriprise Financial in Boston.
Yesterday's Rubio tantrum looks to have been replaced with optimism that a tax deal gets done, helping to send stocks soaring higher today. The S&P 500 has risen 0.9% to 2676.04 at 1:50 p.m. today, while the Dow Jones Industrial Average has advanced 149.53 points, or 0.6%, to 24,658.19. The Nasdaq Composite has gained 1.1% to 6928.86.
The S&P 500 fell the most in a month on Thursday after Republican Senators Marco Rubio and Mike Lee declined to back the bill without changes to child tax credits. The S&P 500 was up 0.65 percent, at 2,669.38 and the Nasdaq Composite was up 0.57 percent, at 6,895.36.
World shares gained on Friday and Wall Street opened higher on U.S. tax legislation optimism, while the dollar strengthened as trading activity wound down before the Christmas and New Year holidays. MSCI's gauge of stocks across the globe gained 0.16 percent after a week of central bank meetings that saw the U.S. Federal Reserve raise interest rates, while the European Central Bank and the Bank of England held off on hikes.
Markets finished lower on Thursday after Senator Marco Rubio stated that he would vote against the Republican Tax Bill if child tax credit is not increased sufficiently.
Costco rose 4 percent after the retailer reported upbeat results and pushed up the S&P Consumer Staples index by 0.9 percent. The index was the biggest gainer among the 11 major S&P sectors. The S&P 500 fell the most in a month on Thursday after Republican Senators Marco Rubio and Mike Lee declined to back the bill without changes to child tax credits.
Wall Street opened higher on Friday as investors were optimistic about the passage of the Republican's much-awaited tax overhaul bill by the year-end. The Dow Jones Industrial Average rose 130.85 points, ...
U.S. stock indexes opened higher Friday as investors shrugged off concerns over potential roadblocks to the tax bill. The Dow and S&P are set to notch their fourth week of gains. The S&P 500 rose 8 points, ...
This morning the S&P and Dow are cruising toward their fourth-straight weekly, while the 2018 outlook game continues apace. Our call of the day focuses on a neglected gadgets maker, rescuing us from all ...