Death & Taxes: How the Dow Snapped Its Two Week Losing Streak

Stocks rose this week after tax reform returned to the fore and geopolitical tensions appeared to ebb.

The S&P 500 rose 0.8% this week after dropping 0.3% to 2,348.69 today, while the Dow Jones Industrial Average advanced 0.5% this week after declining 30.95 points, or 0.2%, to 20,547.76. The Nasdaq Composite gained 1.8% this week after dipping 0.1% to 5,910.52 today.

Treasury Secretary Steve Mnuchin’s comments that tax reform is still on the table was given credit for much of the market’s gains, Bespoke Investment Group credits seasonality with helping boost stocks this week:
Source: Barrons

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