Wall Street Breaks New Records

Wall Street Breaks New Records
Wall Street Breaks New Records
Wall Street Breaks New Records finance.yahoo.com

More Republicans said on Sunday 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. As a result, US stocks have enjoyed a near year-long rally, with the benchmark S&P 500 and the blue-chip Dow Jones Industrial Average set for their best year since 2013.

In Wall Street climbs on rising tax-cut hopes; Nasdaq breaks above 7,000 by April Joyner of Reuters on the Yahoo! Finance webiste reports:

Wall Street closed at record highs amid sustained optimism about the likelihood of lower corporate tax rates as the Republican tax bill moved closer to passage.

The Dow Jones Industrial Average  rose 140.46 points, or 0.57 percent, to 24,792.2, the S&P 500 gained 14.35 points, or 0.54 percent, to 2,690.16 and the Nasdaq Composite added 58.18 points, or 0.84 percent, to 6,994.76.

The three indexes set record closing highs, as did the small-cap Russell 2000 index up 1.21 percent to end at 1,548.93.

Read the source article at finance.yahoo.com

 


The information contained above may have been prepared by independent third parties contracted by Nadex. In addition to the disclaimer below, the material on this page is for informational and educational purposes only and should not be considered an offer or solicitation to buy or sell any financial instrument on Nadex or elsewhere. Please note, exchange fees may not be included in all examples provided. View the current Nadex fee schedule. Nadex accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representations or warranties are given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk and any trading decisions that you make are solely your responsibility Trading on Nadex involves financial risk and may not be appropriate for all investors. Past performance is not necessarily indicative of future results. Nadex instruments include forex, stock indexes, commodity futures, and economic events.

Nadex binary options and spreads can be volatile and investors risk losing their investment on any given transaction. However, the limited-risk nature of Nadex contracts ensures investors cannot lose more than the cost to enter the transaction. Nadex is subject to U.S. regulatory oversight by the CFTC.