Quantcast
Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to Dividend.com. Please help us personalize your experience.

Select the one that best describes you
Dividend logo

Optimism started dominating the equities markets this week despite concerns about the continued slowdown in the housing sector and a possible government shutdown due to the debt ceiling issue in October.

After trading sideways on Monday, the Dow Jones jumped almost 200 points, the biggest one-day gain in months, when news broke out on Tuesday that Trump’s aides have made notable headway along with Congressional leaders on creating the much-awaited tax-reform plan. The bullish bias among investors was once again confirmed when the markets continued to trade sideways, disregarding the remarks from President Donald Trump that he would support a government shutdown unless lawmakers fund the building of a wall with Mexico.

Besides learning to ignore the president’s outbursts, like linking one of his political promises to shutting down the entire U.S. government, investors also overlooked lower-than-expected new and existing home sales. Furthermore, after Lowe’s (LOW ) lower-than-expected earnings and Sears (SHLD ) closing down another 28 stores amid declining sales, concerns about the potential loss of retail sector jobs kept the major equity indices from making additional gains later in the week.

There are valid concerns about the economy, but investors should continue to expect optimism and a measured response from the markets regarding political upheavals in coming days.

Be sure to check out our previous week’s edition here, wherein traders were focused on the Fed’s interest rate guidance.

To read the Full Story, Go Premium or Log In

Popular Articles

Premium Shutterstock 242137633
News

The Market Glance for January 22: Market Awaits Housing Sector Data

As the Q4 2017 earnings season gets in full gear, we will see some blue-chip healthcare companies...

News

Cabot Oil & Gas Corporation Increases Divided by 20%

Each day, companies across the globe announce upcoming dividend payouts. In our Dividend Payout...

News

Lowe's Companies, Inc. Leads 35 Stocks Going Ex-Dividend This Week

There are 35 stocks going ex-dividend this week starting Monday, Jan 22. For income investors...