Tax Cut Speculations Boost S&P 500 In Week 2 Of December 2017

Even though the 's Federal Open Market Committee voted to hike short term interest rates in the U.S. by a quarter percent on Wednesday, 13 December 2017, the biggest news of the week, as far as the U.S. stock market was concerned, came on Friday as the congressional majority Republicans announced they had reached a compromise between the House and Senate versions of the corporate tax cut bill, where a vote would be scheduled during the next week.

 

Meanwhile, we weren't kidding when we said that there wasn't much other news of note that could drive the market in the second full week of December 2017. Here are the headlines that we felt qualified as noteworthy during the week that was.

Monday, 11 December 2017

  • Oil gains on Forties Pipeline shutdown, New York blast
  • Wall Street closes higher ahead of Fed meeting; stocks rise worldwide
  • Tuesday, 12 December 2017

  • Wednesday, 13 December 2017

  • Oil slips as U.S. gasoline stock build overshadows crude draw
  • voted
  • Flat U.S. yield curve not signaling recession risk: Yellen
  • Wall Street mixed as financials drag after Fed rate hike
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