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On the first trading session of 2018, Wall Street’s major indexes gained. Mainly driven by technology and consumer discretionary stocks, setting the precedent for a new year of solid gains for equities.
Last year, the major stock indexes recorded their best performances since 2013 and are the rally is predicted to continue, supported by the corporate tax cut and strengthening economy.
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“It seems as if most economists have raised their GDP forecast for 2018, and we’re going to get some form of a fiscal stimulus into an economy that has a tight labor market. The market is pricing all of this in”…..Read More Now
On Tuesday, oil prices had their strongest open since 2014, with crude climbing to mid-2015 highs amid large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia.
On Tuesday, it was the first time since January 2014 that the two crude oil benchmarks started the year above $60 per barrel. U.S. West Texas Intermediate (WTI) crude futures traded flat at around $60.40 by 1200 GMT after earlier in the day hitting $60.74, their highest since June 2015. Brent crude futures, the international benchmark, were also flat at around $66.80 after earlier in the day hitting a May 2015 high of $67.29 a barrel….Read More Now