Key energy companies including Exxon Mobil Corporation ( XOM ) and Chevron Corporation ( CVX ) increased 1.1% and 0.6%, respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>> Want the latest recommendations from Zacks Investment Research? ( Read More Hewlett Packard Enterprise Company ( HPE ) reported better-than-expected bottom-line results for the first quarter of fiscal 2017, which also improved year over year. U.S. commercial crude-oil inventories rose by 600,000 barrels in the week ended Feb. 17, according to the Energy Information Administration.
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When stock prices fall, as stock prices do, Secretary Mnuchin may find claiming credit for the market's rise was a risk not worth taking. Secretary Mnuchin told CNBC on Thursday that he hoped to have a tax-overhaul bill passed by Congress by August. The new Treasury secretary says the postelection rally in the equities market reflects faith in President Trump and his promises for tax changes and fiscal stimulus. While action on taxes and infrastructure remains iffy, President Trump's concrete moves to crack down on immigration and pull out of trade deals will hit the economy. Secretary Mnuchin said the performance reflected confidence in President Trump's policies.
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collected by :Jack Luxor
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What the Stock Market Says Will Happen With Trump's Agenda
That's what the stock market is telling us is going to happen, and let's hope the stock market is right. The global wind is at Trump's back as he begins to put his economic plan in place. Cultural differences within the United States and abroad often make it difficult to anticipate the reaction to various initiatives. If the Trump economic plan were not revenue neutral and government borrowing starts to rise significantly, we are likely to see yields on U.S. Treasurys rise. So far the stock market and the economy seem to be taking the turbulence in Washington in stride.
When stock prices fall, as stock prices do, Secretary Mnuchin may find claiming credit for the market's rise was a risk not worth taking. Secretary Mnuchin told CNBC on Thursday that he hoped to have a tax-overhaul bill passed by Congress by August. The new Treasury secretary says the postelection rally in the equities market reflects faith in President Trump and his promises for tax changes and fiscal stimulus. While action on taxes and infrastructure remains iffy, President Trump's concrete moves to crack down on immigration and pull out of trade deals will hit the economy. Secretary Mnuchin said the performance reflected confidence in President Trump's policies.
read more visit us Money
collected by :Jack Luxor
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