Trump's tax cuts could boost S&P 500 earnings by 20% over the next 2 years, Goldman Sachs says
Goldman Sachs estimated that each percentage-point cut to the corporate tax rate could boost S&P 500 earnings by slightly less than 1%.
Goldman Sachs estimated that each percentage-point cut to the corporate tax rate could boost S&P 500 earnings by slightly less than 1%.
Business-friendly regulations and disinflationary policies are believed to be on the agenda.
The ocean carrier also reneged on a recent decision to return to the Suez Canal via its India-to-U.S. East Coast Indamex service.
October's CPI report will be released on Wednesday. The Trump trade continued to rally in the new week, with bitcoin reaching a record and Tesla surging.
Capital Economics said that Donald Trump's policies would likely disappoint the market, but the S&P 500 is still set to hit 7,000 next year.
Dow Closes Above 44,000 for First Time; S&P 500 Tops 6,000 as Tesla Soars
(Bloomberg) -- Stocks rose for a fifth straight session, Bitcoin topped $87,000 and the dollar hit a one-year high, with investors continuing to bet those trades will benefit from President-elect Donald Trump’s agenda.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationEconomically
The S&P 500 added 0.1% on Monday, Nov. 11, 2024, closing above the 6,000-point milestone as investors continued to weigh the implications of the election.
