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Healthcare Stocks Rise, Helping Wall Street Reach New Records

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On Tuesday, all three major indexes hit record highs as healthcare stocks rose on robust earnings and investors remained positive about upcoming corporate tax cuts. Negotiations over President Donald Trump's tax bill have begun after House Republicans unveiled the first draft of a proposed range of tax cuts aimed at helping businesses, including a dramatic cut to the corporate rate. According to Thomson Reuters, earnings for the third quarter are expected to have climbed 8 percent, compared with expectations of a 5.9 percent rise at the start of October.

Added on the 07/11/2017 10:59:23 - Copyright : Wochit

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