“The Nasdaq composite advanced 1.5 percent to 7,006.90, also hitting record highs. The index also closed above 7,000 for the first time,” Imbert and Gibbs report. “The Dow Jones industrial average rose 104.79 points to finish at 24,824.01, with Disney shares climbing 4 percent.”
“Stocks got a boost last year from strong growth in corporate earnings, solid economic data and as expectations of lower corporate taxes. Last month, President Donald Trump signed a bill that slashed the corporate tax rate in the U.S. to 21 percent from 35 percent. Several companies announced they were giving bonuses to their employees after Trump signed the bill,” Imbert and Gibbs report. “Trump tweeted on Tuesday: “Companies are giving big bonuses to their workers because of the Tax Cut Bill. Really great!””
Imbert and Gibbs report, “A good start to the year is usually followed by strong yearly performances, according to Ryan Detrick, senior market strategist at LPL Financial.”
Read more in the full article here.
MacDailyNews Take: More good news for Apple and everyone else as a rising tide lifts all boats!
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