- Home
- >
- Daily Accents
- >
- Shares rise and pressure on the dollar after the Trump Tax Plan
Shares rise and pressure on the dollar after the Trump Tax Plan
Rating:
Loading...A record day was on today's state session, with Dow Jones closing 40 points higher, and the index for small caps, Russell 2000 reached new highs. All this positivism comes after Trump's tax reform.
Dow Jones's strongest support came from McDonald's shares, which rose 2.23%, and Exxon Mobil, which added just under 1%.
The S&P 500 rose from 0.12% to 2510. The material sector achieved the strongest growth - by 0.70%, followed by the property sector by 0.61% and by the utilities by 0.3%. In the following chart, you can track the daily development of the US benchmark sectors:
Analysts' expectations are small companies in the US to benefit most from the tax reform presented by President Donald Trump. This is exactly the same as the record level of the Russel 2000 index.
Plans provide for the tax rates to be divided into three categories and to significantly reduce the level of corporate tax.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
Varchev Traders Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
