Posted on 12/04/2017 1:27:42 AM PST by abb
U.S. stock index futures pointed to a strong positive open on Monday, as sentiment was boosted by news that the U.S. Senate narrowly passed a major tax bill over the weekend.
Consequently, the news put a smile on investors faces ahead of Monday's open, with the Dow Jones industrial average pointing to higher open, by more than 200 points, at 4:00 a.m. ET.
U.S. stocks finished in the red Friday after a report emerged stating that former national security advisor Michael Flynn was directed by Trump to talk to Russians.
Shifting to Monday, investors will be poring over news that U.S. drugstore operator CVS Health is to buy Aetna, a U.S. health insurer, for $69 billion. The agreement is seen as one of 2017's biggest deals so far in the M&A (merger and acquisition) space.
Ascena Retail and Coupa Software are expected to publish earnings on Monday. Meanwhile on the data front, factory orders are set to be published at 10 a.m. ET.
Rocket Fuel...
https://www.wsj.com/articles/asia-pacific-markets-shrug-off-revision-of-u-s-tax-code-1512351864
Senate Tax Bill Boosts Global Shares
Haven assets decline and U.S. dollar advances
By Christopher Whittall and
Kenan Machado
Updated Dec. 4, 2017 3:35 a.m. ET
Stocks in Europe and U.S. futures rose Monday as investors digested the implications of the U.S. Senate passing its version of tax reform over the weekend.
The Stoxx Europe 600 rose 0.7% in early trade amid broad-based gains across sectors. U.S. futures pointed to a 0.9% opening gain for the Dow Jones Industrial Average, which ended slightly lower on Friday. Asian stock markets were mixed.
Investors also moved out of havens such as Treasurys and gold and pushed the dollar higher.
Dow Poised for 200-Point Gain, Europe Stocks Surge After GOP Tax Win in Senate
U.S. stocks are set for solid gains Monday as global investors react to the passage of a Senate tax reform bill that could pave the way for the most significant domestic tax cuts in 30 years.
By Martin Baccardax
Dec 4, 2017 4:26 AM EST
............ still a lot of haggling to do.
what would be some good stocks or funds to invest in right now?
Brian Ross was unavailable for comment... /sarc
Might be a time to put in some crazy-high “sell” orders.
And the media will not attribute the rise to Trump.
Thanks abb.
The world is voting for Donald J Trump with their hard earned cash...
We trust him...
Just as importantly, CEO’s are committing to hiring and capital expansion. They know there’s no ValJar in the White House, lurking like a spider, ready on pounce on “evil businesses” and confiscate their wealth.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.