Weekly Market Update: "Tax Plan Boosts Stocks" - December 18, 2017
Submitted by Safe Harbor Asset Management Huntington, NY on December 18th, 2017
Domestic markets were up last week as tax reform become more likely. On Friday, multiple previously undecided Senators announced they would back the combined House and Senate bill, and stocks reacted by hitting new record highs. For the week, the S&P 500 gained 0.92%, the Dow added 1.33%, and the NASDAQ grew by 1.41%. International stocks in the MSCI EAFE increased 0.13%.