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Newspaper
Sun Journal
Location
New Bern, North Carolina, United States of America
Date
Dec 29, 2017
Page
5
Market Watch summarizes the Dow at 2,483,751 with a rise of 63.21 points and the Nasdaq at 6,950.16 up 10.82, while SAP hits 16,874 with a gain of 492. Russell advances 4.99 points to 154,893 as NYSE climbs to 12,853.12, up 31.13.
Range Resources Corp rose 65 cents to 17.61 as natural gas demand rose in cold weather. Hunt Transportation Services fell 23 cents to 115.24 after a weak fourth quarter forecast and 40 million dollars in one time charges. The AP notes mortgage rates edged higher, with 30 year fixed at 3.99 percent and 15 year at 3.44 percent, as a tax cut influenced Treasury yields.
Washington reports that new tax law doubling the standard deduction will reduce the incentive for small to moderate donors. Experts warn many taxpayers will cease itemizing, potentially lowering giving by about 5 percent next year, while wealthy donors keep incentives intact. United Way notes increased end-of-year giving as donors rush to maximize deductions before Jan. 1.
Wall Street finished with a broad rally led by financials as the Dow Jones rose 63.21 points to 24,837.51 and the S P 500 gained 4.92 points to 2,687.54. Energy names benefited from warmer gas prices while crude oil also closed higher. The Nasdaq ticked up to 6,950.16 as yields edged higher to 2.43 percent.
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