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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Dec 28, 2016
Page
9
The article explains tax loss harvesting as a way to cut taxes by selling losing stocks or bonds to offset gains or ordinary income up to 3000 dollars a year. It warns of the 30 day wash sale rule and notes funding a traditional IRA can offer a current tax break with taxes due later.
Fitbit benefited from a holiday bump and ranked as the second most downloaded app on Apple’s App Store as of Sunday night. Shares rose from the year's low to trade around 7.83 dollars amid market activity. Spinraza, BioGen’s spinal muscular atrophy treatment, won FDA approval and led to a $60 million milestone payment, signaling future profitability.
Endologix stock plunged after the company paused shipments of its top selling AFX Endovascular AAA System due to manufacturing problems. The firm plans an additional update on December 30.
The Conference Board reports the consumer confidence index rose to 113.7 in December from 109.4 in November, driven by optimistic views on the economy and job market after the election of Donald Trump. The Expectations Index jumped to 105.5, a 13 year high, while the Present Situation Index fell to 126.1.
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