Wall Street Notches Best Gains Since 2013
Wall Street finished 2017 with broad market gains led by the Nasdaq up 28.2 percent and the Dow at 24,719.22, driven by GDP growth, higher corporate earnings, and the Trump tax cuts. Tech led, with Alphabet, Apple, and Facebook among top risers. Align Technology surged 131 percent while Range Resources dropped 50 percent.
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Corporate tax rate history shows long decline to 21 percent
The House and Senate passed a bill signed by the president cutting the top corporate income tax rate from 35% to 21% The move ends decades of reductions since the 1930s and marks the lowest rate since then The Motley Fool notes the shift amid context of prior promises and wartime tax policies with market data at the end
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Trump urges USPS to charge Amazon far more for shipping
President Donald Trump attacked Amazon again urging the U S Postal Service to raise shipping costs for the company and others saying the USPS loses billions while Amazon pays little. The tweet from Mar a Lago also notes Amazon founder Jeff Bezos owns The Washington Post. The debate comes as USPS reports multi year losses despite rising package volumes.
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Real Time Market Action At Real Time Markets
Real time market action reported by Markets.usatoday.com tracks major indices, stock movements, and notable trades. Traders monitor S&P 500 and Nasdaq activity, with brief updates on notable gainers and losers across key sectors.
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