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The Closing Bell: Dow Soars 148 Points On Tax Reform Hopes, Stunning GE Comeback

TedTed
edited October 2017 in The Bullpen
FYI: U.S. stocks traded higher on Friday after the Senate took a step toward achieving tax reform.

An incredible comeback in General Electric shares from a 6 percent deficit to positive also helped lift market benchmarks. Some investors bet the worst is over for the troubled conglomerate which reported abysmal earnings Friday morning and cut its forecast for the year.
Regards,
Ted
Bloomberg:
https://www.bloomberg.com/news/articles/2017-10-19/asia-stocks-to-end-the-week-lower-kiwi-holds-loss-markets-wrap

Reuters:
http://www.reuters.com/article/us-usa-stocks/wall-street-up-as-progress-in-trumps-tax-plan-lifts-hopes-idUSKBN1CP1G7

MarketWatch:
http://www.marketwatch.com/story/dow-sp-shape-up-for-more-records-after-senate-clears-big-hurdle-to-tax-reform-2017-10-20/print

IBD:
http://www.investors.com/market-trend/stock-market-today/dow-wraps-hottest-week-in-a-month-ge-reverses-atlassian-rocks/

CNBC:
https://www.cnbc.com/2017/10/20/us-stocks-tax-reform-senate-budget.html

AP:
http://hosted.ap.org/dynamic/stories/F/FINANCIAL_MARKETS?SITE=AP

Bloomberg Evening Briefing:
https://www.bloomberg.com//news/articles/2017-10-20/your-evening-briefing

WSJ: Markets At A Glance:
http://markets.wsj.com/us

SPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-tracker

SPDR's Bloomberg Sector Perfomance Pie Chart:
https://www.bloomberg.com/markets/sectors

Current Futures: Positive
https://finviz.com/futures.ashx
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