Wall Street with record-breaking, following Trump tax reform and Powell appointment

After the highly volatile session in the US, the indices closed again at record levels, reflecting the new details of Trump's tax reform plan and Jerome Powell's new appointment as Federal Reserve Chairman.

Improvements to the Trump Tax Plan aim to permanently reduce corporate tax to 20% and also keep retirement savings plans unchanged.

Dow Jones climbed 80 points, closing at $23,516. The key driver of the boom was Boeing's shares, which rose 1.63 percent. The company is greatly favored by Trump's policy and the military deals the president made earlier this year. The SP500 was able to erase the losses accumulated during the day by closing at a record level with a 0.02% increase over yesterday.

NASDAQ posted a strong positive news on the 12% tax on profits made abroad, which the big tech companies are expected to return to the US Index rose 0.11% to $ 6714.94.

After the end of the session, Apple presented the financial results for Q3 in 2017, and managed to keep all expectations on Wall Street. Apple Inc. managed to realize EPS of $2.07, compared to the expected $1.87. The company's revenue amounted to $52.6 billion. compared to expected $50.7 billion.

Given the good foundation behind the US tax reform, the new appointment for the Fed chairman and the better financial results of Apple, we expect the positivism of the market to be maintained during the Asian session.

Jr Trader Petar Milanov

Read more:

• USA ADP Nonfarm Employment Change: 202K vs 160K
• Iran response was ‘too fast and too furious’ on the U.S. airstrike
• USA – ISM Non-manufacturing PMI: 55.0 vs 54.5
• Top 5 things to watch on Tuesday
• Noise: How to Overcome the High, Hidden Cost of Inconsistent Decision Making