How Passing the Senate’s Tax Bill Could Lead to a Record High for the Dow Jones Today

Jon Economy, Government, Market Commentary, Politics

This is a syndicated repost courtesy of Money Morning – We Make Investing Profitable. To view original, click here. Reposted with permission.
Investors are optimistic about the Dow Jones today following the Senate’s passage of the largest overhaul of the American tax code in 30 years.
Dow Futures are up 246 points this morning after every Republican senator except for Bob Corker, of Tennessee, voted in favor of the reform bill. But not every investor is optimistic. Here’s the truth about the Senate’s tax bill you can’t afford to miss…
Here are the numbers from Friday for the Dow, S&P 500, and Nasdaq:
Index Previous Close Point Change Percentage Change Dow Jones 24231.59 -40.76 -0.17% S&P 500 2642.22 -5.36 -0.20% Nasdaq 6847.59 -26.39 -0.38%

This post was published at Wall Street Examiner by Garrett Baldwin ‘ December 4, 2017.