U.S. Stocks Drop As Investors Question Whether Trump Can Deliver on Tax Cuts

U.S. Stocks Drop As Investors Question Whether Trump Can Deliver on Tax Cuts

U.S. stocks were lower at mid-day as President Donald Trump’s failure to deliver on his health care reform package sparked worries he may have trouble delivering on other campaign promises to ignite the economy. European and Asian stocks also closed lower on the failed health care bill. Investors are now growing skeptical of Trump’s plans for tax cuts and fiscal stimulus, including infrastructure spending, as well as solidarity among Congressional […]

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Consumer Staple Stocks Higher But Lagging Broader Markets

Consumer Staple Stocks Higher But Lagging Broader Markets

Consumer stocks were mostly higher Wednesday, with shares of consumer staples companies in the S&P 500 adding about 0.5% in value while shares of consumer discretionary firms in the S&P 500 were climbing 1.2%. In company news, XO Group Inc. (XOXO) was in a deep hole Wednesday despite the targeted content and marketing company late yesterday swinging to a Q4 profit, beating Wall Street expectations, as revenue grew compared with […]

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