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Wall Street carries momentum into 2018 as techs climb
Major stock indexes closed out 2017 with their best performances since 2013 and the rally is widely expected to continue this year, helped by a cut in corporate taxes that is anticipated to boost profits as well as the economy. "It is seasonally a very good time for equities as new money comes into work," said John Brady, senior vice president at futures brokerage R.J. O'Brien & Associates in Chicago. Gains in Apple (AAPL.O), Facebook (FB.O), Alphabet (GOOGL.O) and Microsoft (MSFT.O) pulled the technology index (.SPLRCT) higher by about 1 percent, following a 37 percent surge in 2017 that made it the best performing S&P sector.
https://finance.yahoo.com/news/wall-street-set-positive-start-123929174.html?.tsrc=rss
Major stock indexes closed out 2017 with their best performances since 2013 and the rally is widely expected to continue this year, helped by a cut in corporate taxes that is anticipated to boost profits as well as the economy. "It is seasonally a very good time for equities as new money comes into work," said John Brady, senior vice president at futures brokerage R.J. O'Brien & Associates in Chicago. Gains in Apple (AAPL.O), Facebook (FB.O), Alphabet (GOOGL.O) and Microsoft (MSFT.O) pulled the technology index (.SPLRCT) higher by about 1 percent, following a 37 percent surge in 2017 that made it the best performing S&P sector.
https://finance.yahoo.com/news/wall-street-set-positive-start-123929174.html?.tsrc=rss
