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Wall Street little changed with eyes on earnings

Wall Street little changed with eyes on earnings

While the proposed changes in the tax system included a cut in the corporate tax rate from 35 per cent to 15 per cent, the plan left investors with questions on whether the changes would increased the budget deficit. However, a more than 2 per cent drop in oil prices weighed on the energy sector, which fell 0.8 per cent. In a typical quarter, about 64 percent of companies have topped earnings estimates, according to Thomson Reuters I/B/E/S.


Oil prices face second weekly loss as oversupply lingers

Oil prices face second weekly loss as oversupply lingers

USA crude futures have slipped in six of the last seven days, as investors have grown impatient with high inventories after last year's landmark deal by the world's major oil producers to cut output. The Organization of the Petroleum Exporting Countries, Russia and other producers originally agreed to curb production by 1.8 million barrels per day (bpd) for six months from January 1 to support the market.


Credit Suisse enlarges syndicate underwriting its 4 billion Swiss franc rights offering

Credit Suisse enlarges syndicate underwriting its 4 billion Swiss franc rights offering

According to the company, net revenues were up 19% to CHF 5.5 billion compared to the same period past year. The company's 50-day moving average price is $14.85 and its 200 day moving average price is $14.67. COPYRIGHT VIOLATION NOTICE: This report was first posted by Markets Daily and is the property of of Markets Daily. If you are accessing this piece on another site, it was illegally copied and reposted in violation of US & global trademark and copyright legislation.


Markets Right Now: Meager gains are enough for Nasdaq record

Markets Right Now: Meager gains are enough for Nasdaq record

The Russell 2000 index of smaller-company stocks fell 2.30, or 0.2 percent, to 1,417.13. American Airlines dropped 7 percent after the company said it had deferred the delivery of several Boeing and Airbus jets, in the latest sign of oversupply in the market for long-distance airliners.



Trump tax plan leaves most of the hard work to Congress

These are the people who have been left behind by an increasingly globalized economy. Selling pressure on longer-dated government bonds abated on Wednesday in a light day for economic data and amid talk that Monday's sharp rally was more the result of short-covering than of investors coming back to the market.


Nasdaq breaches 6000 as earnings power Wall St higher

Nasdaq breaches 6000 as earnings power Wall St higher

The Nasdaq composite topped the 6,000 mark for the first time in its history, while the Dow pushed back above 21,000. In overseas trading, stock markets across the Asia-Pacific region moved mostly higher during trading on Tuesday. A almost 8% surge in Caterpillar followed a Goldman Sachs recommendation and an earnings call that showed the first quarter-on-quarter sales growth after four years of a global machinery slump.