Global Stocks Slip on US Tax Reform Setback

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Global Stocks Slip on US Tax Reform Setback

Wall Street Journal1 hour ago
European stocks and U.S. equity futures dropped in early trading Friday, weighed by complications in the Republican effort to overhaul the tax code. The Stoxx Europe 600 fell 0.6% during morning trading, with Germany’s DAX and France’s CAC 40 dropping 1.1% and 1%, respectively. Ahead of the market …
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Stocks Drop as Tech Selloff Resumes; Dollar Steady: Markets Wrap

Bloomberg11 hours ago
Tech stocks dropped a third day, bringing their decline this week to almost 5 percent, and car makers sagged. U.S. stock-index futures also declined. Treasury yields dropped back below 2.4 percent after climbing eight basis points in the previous two days. The euro pared an advance even after …
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Washington Post

Markets Pass Another Milestone, as Investors Remain Fearless

New York Times12 hours ago
One of the longest stock-market booms in history continued its gravity-defying ascent Thursday, with investors cheering the prospect of deep corporate tax cuts and the rollback of government regulations under President Trump. The Dow Jones industrial average eclipsed yet another milestone, closing …
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US Stocks Gain on Tax Outlook as Treasuries Drop: Markets Wrap

BloombergNov 29, 2017
U.S. stocks posted record highs after John McCain backed the Senate tax bill and the biggest technology stocks rebounded from their worst selloff in more than a year. The Dow Jones Industrial Average climbed past 24,000 after the statement of support from the Arizona Republican as the measure headed …
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Goldman Warns That Market Valuations Are at Their Highest Since …

BloombergNov 29, 2017
As central banks cut back their quantitative easing, pushing up the premiums investors demand to hold longer-dated bonds, returns are “likely to be lower across assets” over the medium term, the analysts said. A second, less likely, scenario would involve “fast pain.” Stock and bond valuations would both …
Story image for stock news articles from Wall Street Journal

Dow Industrials Climb 332 Points to Finish Above 24000

Wall Street Journal15 hours ago
The Dow Jones Industrial Average posted its biggest one-day gain in a year Thursday, surging more than 330 points to close above 24000 for the first time. A mix of upbeat economic data and signs of progress on Republicans’ tax overhaul helped push the Dow industrials and the S&P 500 to records and …
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Selloff Pauses 2017’s Tech-Stock Surge

Wall Street JournalNov 29, 2017
Investors abruptly dumped technology and internet stocks Wednesday, a sign of vulnerability in a sector that has enjoyed a steep rise this year. The S&P 500 tech sector shed 2.6%, posting its third-biggest one-day decline of the year. Facebook Inc. dropped 4%, Apple Inc. fell 2.1% and chip maker Nvidia …
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The Tax Bill Is Hurting Tech Stocks

BloombergNov 29, 2017
While not usually a liability, one problem for technology stocks right now is that they don’t pay that much. Among sectors, the 18.5 percent effective tax rate enjoyed by the group is the third-lowest among U.S. large caps, according to S&P Global data. And that means less potential bounty should Republican …
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Forget Bitcoin, These Four Stocks Are Up More Than 1000% in 2017

BloombergNov 29, 2017
Bitcoin is all the rage, but there are also a handful of stocks that have equaled the digital currency’s gravity-defying surge this year. Lesser-known companies trading on stock exchanges in Japan, Hong Kong and India have seen their share prices soar at least 1,000 percent, matching the cryptocurrency’s …
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Second Blue Apron Founder Salzberg Leaves CEO Job Amid Stock …

Wall Street Journal13 hours ago
Blue Apron Holdings Inc. has replaced its chief executive, as the meal-kit maker struggles to hold on to customers and reverse a precipitous drop in investor confidence since its initial public offering in June. Co-founder Matthew B. Salzberg was replaced as Blue Apron’s chief executive by CFO Brad …

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