Investors watching the Dow Jones today are preparing for the final meeting of the Fed Open Market Committee of 2017. Investors anticipate that the central bank will raise interest rates.
Dow futures are up 18 points this morning as investors gauge whether Janet Yellen will raise interest rates despite the possibility that inflation woes will change her mind.
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The Dow Jones news today features stocks rising again after UK's parliamentary election ends Prime Minister Theresa May's majority.
Former FBI Director James Comey also testified in front of Congress yesterday on his firing by President Trump.
by Shah Gilani
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America's soon-to-be 45th President, Donald J. Trump, wants to cut the federal income tax rate U.S. corporations pay from 35% to 15%.
While that appears to be a gift to companies who most Americans don't believe pay their fair share of taxes, it really and truly isn't.
What it would be is a gift to the federal government, and to you, and to me.
Hardly any U.S. corporations, big or small, pay the 35% federal income tax rate in the first place. In fact, the so-called statutory rate isn't a flat 35%, it's a progressive rate that goes from 15% up to 35% depending on how much pre-tax income (before credits) companies make.
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The Dow Jones Industrial Average was pushing even higher again on Tuesday as investors focus on the December FOMC meeting. Optimism is soaring as the projected opening price puts the markets within striking distance of Dow 20,000.
Let’s look at the numbers the numbers from Friday for the Dow, S&P 500, and Nasdaq.
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