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Stocks posted solid gains early Tuesday as Wall Street searched for a catalyst in a quieter week of trading, while crude oil prices came off earlier highs. The S&P 500 was up 0.28%, the Dow Jones Industrial Average rose 0.25%, and the Nasdaq gained 0.37%.
Asian stock markets were mixed Wednesday after Wall Street retreated for a second straight day following President Donald Trump's comments about reducing drug prices. KEEPING SCORE: Tokyo's Nikkei 225 index shed 0.5 percent to 19,240.85 and the Shanghai Composite Index gained 0.1 percent to 3,244.69.
Regional equities were also mostly in the negative even though the markets looked much calmer than a week when profit-taking knocked down regional indices after a global rally. The Hungarian central bank said Nagy would no longer be in charge of financial stability issues, even though he will keep monetary policy issues.
The banking industry has cheered President Donald Trump's promise to roll back regulations put in place after the financial crisis to rein in Wall Street. But the industry's record-setting profits complicate the arguments for rolling back those rules, which banking analysts have said could boost their profits even more.
SYDNEY, March 02 Fitch Ratings has affirmed Christian Savings Incorporated's Long-Term Issuer Default Rating at 'B+' with a Positive Outlook and its Short-Term IDR at 'B'. A full list rating action is at the end of this commentary.
Virtually every U.S. business and investor has been looking for, hoping for and/or betting on a major tax-reform package under President Trump. Obamacare repeal and other items on the Trump agenda might attract a lot of attention, but it's the possibility of tax cuts that really revs up the masses.
The debate continues over exactly what triggered that one-giant-leap for equities yesterday. A sanguine POTUS, Fed-hike euphoria or maybe aggressive algorithms ? In any case, some calm threatens to return today, even as yet another rumble over Russia appears to be brewing, with U.S. Attorney General Jeff Sessions in an uneasy spotlight .
Wall Street has never been more profitable and that could be a big problem. The banking industry has cheered President Donald Trump's promise to roll back regulations put in place after the financial crisis to rein in Wall Street.
What to do now? "If you are not already in the market, wait for a better trade," suggests CrackedMarket's Jani Ziedins . This is a better place to take profits than to initiate new longs, with so much optimism priced in since Election Day, he says.
As Donald Trump edges the U.S. closer to a thaw in relations with Vladimir Putin's Russia, commodity investors are already jumping in. Plans by United Co.
During the presidential campaign, then-candidate Donald Trump called for a 21st-century Glass-Steagall Act. While that Depression-era law required the complete separation of commercial and investment banking, it is unclear exactly what now-President Trumps envisions in a modern version.
The U.S. and India seem like a natural fit in the Trump era: rambunctious democracies, led by populists, focused on economic growth and fighting radical Islam. It's a budding partnership that could be set back by a nuts-and-bolts dispute over employment visas.
Democrats trust only Democratic-approved media sources, and Republicans trust only Republican-approved media sources. Perhaps the only medium that both Democrats and Republicans will accept as a valid source of information is ... the stock market.
While Wall Street celebrates yet another stock market record - surpassing 20,000 on the Dow Jones industrial average - many Americans have little reason to cheer. Despite the spread of 401 retirement plans, the wealthiest 10 percent of households own roughly 80 percent of stock market wealth.
The Dow Jones Industrial Average, Wall Street's blue-chip stock market, has smashed through the 20,000 points barrier for the first time. It had been on the cards for some time, given the rally in US stocks since the election of Donald Trump as US President - with investors cheering his stated plans for a major infrastructure investment programme and other business-friendly policies.
Certainly, the market shine has come off Donald Trump, initially because he failed after his election victory to unveil specifics of his fiscal and economic programs, and then because of his seemingly singular focus on protectionism. Mr. Trump is only doing what he said he'd do.
US stocks rose and the dollar fell Friday as Donald Trump was officially sworn in as the president of the United States and Barack Obama's term ended. Trump's inauguration dominated a day that saw most major equity markets rise as the long-telegraphed transfer of power in the world's biggest economy finally took place.