Wall Street set for a positive open with Dow futures up triple digits, as US tax plan sign-off lifts sentiment
05 December, 2017, 02:39
Some of the early gainers included bank and industrial stocks. The Dow and the S&P 500 pulled back off the record closing highs set in the previous session. The Dow Jones industrial average gained 58 points, or 0.2 percent, to 24,290.
The Senate voted 51 to 49 in favor of the bill known as the Tax Cuts and Jobs Act, with the vote largely coming down along party lines.
The S&P 500 is up 18 percent in 2017 on strong corporate earnings and solid economic growth, as well as expectations that President Donald Trump and the Republican-controlled Congress would cut taxes and corporate regulation.
"The fact that only half of the rally was reversed on Friday is likely a reflection of the fact that, despite ABC having corrected its earlier inflammatory report, Flynn's admission of guilt raises the prospect of the investigation moving toward President Trump's inner circle", Rabobank said.
With the vote to approve the bill, lawmakers from the Senate and House will need to go to conference to work out differences in the bills passed by the two chambers.
"The Nasdaq was particularly weak today, with some investors questioning the impact a lower corporate tax rate would have on tech companies that already pay low effective tax rates", analysts with KDP Investment Advisors said in a note.
On the USA economic front, the Commerce Department released a report showing a modest decrease in new orders for manufactured goods in the month of October.
Surpreme Court could make sports betting easier to find In this November 30, 2017, photo, betting slips are seen on a table at the Monmouth Park racetrack in West Long Branch, N.J. In 2014, New Jersey tried a different tactic by repealing laws prohibiting sports gambling at casinos and racetracks.
Aetna shares rose 1.7 percent after drugstore chain operator CVS Health agreed to buy the health insurer for $69 billion in the year's largest corporate acquisition. Economists had expected orders to drop by 0.4%.
Transportation stocks have shown a substantial move to the upside on the day, driving the Dow Jones Transportation Average up by 2.8 percent. If profits do accelerate, it would help allay worries that the stock market, which is still close to record highs, has climbed too far, too quickly. At the same time, technology stocks slumped and gave up a chunk of the gains that have made them the best-performing part of the market by far this year. The index has climbed to its best intraday level in ten years.
Steel, brokerage, and housing stocks also saw notable strength, while weakness among software, semiconductor, and biotechnology stocks contributed to the drop by the tech-heavy Nasdaq.
Some Asia-Pacific stock markets struggled after pockets of selling last week, notably in technology. Japan's Nikkei 225 Index fell by 0.5%, while Hong Kong's Hang Seng Index rose by 0.2%.
Meanwhile, the major European markets have all moved to the upside on the day.
Microsoft (NASDAQ:) down 3.8%, Visa Inc (NYSE:) down 3% and UnitedHealth Group Incorporated (NYSE:) down 2.4%, were among the worst Dow performers of the session. Against the euro, the dollar is valued at $1.1860 compared to last Friday's $1.1896. The Nasdaq composite lost 72 points, or 1 percent, to finish at 6,775.
But after decades of operation, the "attitude control thrusters" that turn the spacecraft by firing tiny "puffs" had degraded. The engineers fired up the thrusters on Tuesday and tested their ability to turn Voyager using 10-millisecond pulses.
Chelsea's policy is to offer players 30 and over only 12-month contract extensions, but Fabregas is not concerned by that. Also, I am very happy, I am where I want to be and that's all down to belief and trust, and hard work".
Dababneh now represents California's 45th Assembly District, covering much of the San Fernando Valley in Southern California. Sacramento lobbyist Pamela Lopez alleged that Democratic Assemblyman Matt Dababneh sexually harassed her in 2016.
Moreover, when it comes to framing sound monetary policies, Maduro's government is said to have a very poor track record. The U.S. had imposed sanctions against PDVSA executives, Venezuelan officials, and the country's debt issuance.
Adele, 29, previously admitted seeing Pink perform when she was a teenager was one of the "most defining" moments of her life. The " Beautiful Trauma " singer also shares her experience of sighting a gender-neutral bathroom in a school.
Prince George , 4, and Princess Charlotte, 2, previously served as pageboy and bridesmaid at their aunt Pippa's wedding in May. A day later, the announcement was made that Markle and Harry are planning for a May 2018 wedding at St.
Miami small forward Josh Richardson had 12 points, reaching double figures in four straight games for the first time this season. They made their first field goal attempts of the quarter and didn't miss a shot until more than three minutes into the period.
The forecast is moving the fire danger needle as the National Weather Service issued a red flag warning on Sunday. In addition, there is the potential for blowing dust and debris, especially near recent burn areas.
More than 50 percent of schools in the US still don't offer any computer science courses, it noted. Partovi addressed many of these concerns early on with this blog post.
Baker Mayfield named Heisman finalist again
The 83rd Heisman Trophy victor will be announced Saturday during a ceremony that will be televised by ESPN starting at 8 p.m. Next, Mayfield and the No. 2 Sooners will take on No. 3 Georgia in the College Football Playoff semifinals.
Manafort worked on op-ed with Russian while out on bail
The government's filing on Monday says that prosecutors learned about Manafort's alleged ghostwriting efforts late last week. Paul Manafort , the former campaign manager to US President Donald Trump, has filed a motion to end his house arrest.
Dlamini-Zuma victorious in KwaZulu-Natal
Under the stewardship of chairman Sihle Zikalala, the province has not been shy in voicing its support for Dlamini-Zuma. The ANC Youth League in Limpopo says it's not anxious by the outcome of the provincial general council.
Amazon launches in Australia ahead of Christmas
Similarly, the ABC is reporting that Amazon Fresh , the company's online supermarket offering, will not be launched in Australia . Australian customers can now also access Prime Video and Twitch Prime , for an introductory price of US$2.99 ($4.00) per month.