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Wall Street set to extend record run as Trump trade rekindles


13 February 2017 08:23

AU.S. stocks looked set to open higher on Monday as the so-called "Trump trade", which sent Wall Street to record highs last week, looked set to pick up speed after a brief lull. The three main U.S. stock indexes closed at record highs on Thursday and Friday as optimism about the economy rose after President Donald Trump vowed to make a major tax announcement in the next few weeks. The S&P 500 has surged 8.3 percent since Trump's Nov. 8 election, fueled by expectations he will lower corporate taxes, reduce regulations and increase infrastructure spending.
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Wall Street set to extend record run as Trump trade rekindles. This article is published at 13 February 2017 08:23 from Yahoo India Stock Market Updates, click on the read full article link below to see further details.


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Tags : Wall, Street, extend, record, Trump, trade, rekindles


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