NewsFeeder
08-26-2017, 01:19 AM
[$$] Stocks Rally on Renewed Talk of Tax Reform
The market, remember, had been in the throes of a two-week losing streak, one that had a lot to do with what President Donald Trump said. On Tuesday, reports of progress on tax reform helped push the Standard & Poor’s 500 index up 1%, and while the major benchmarks stalled after the president called for a government shutdown if money wasn’t allocated for a border wall, it rose 0.2% on Friday as tax reform became the focus once again. “That helped underpin the market,” says Quincy Krosby, chief market strategist at Prudential Financial.
http://finance.yahoo.com/r/e960a1d1-da85-3c8d-87f7-984a6d828183/stocks-rally-on-renewed-talk-of-tax-reform-1503725643?mod=yahoobarrons&ru=yahoo&yptr=yahoo&.tsrc=rss
The market, remember, had been in the throes of a two-week losing streak, one that had a lot to do with what President Donald Trump said. On Tuesday, reports of progress on tax reform helped push the Standard & Poor’s 500 index up 1%, and while the major benchmarks stalled after the president called for a government shutdown if money wasn’t allocated for a border wall, it rose 0.2% on Friday as tax reform became the focus once again. “That helped underpin the market,” says Quincy Krosby, chief market strategist at Prudential Financial.
http://finance.yahoo.com/r/e960a1d1-da85-3c8d-87f7-984a6d828183/stocks-rally-on-renewed-talk-of-tax-reform-1503725643?mod=yahoobarrons&ru=yahoo&yptr=yahoo&.tsrc=rss