REITs were an unintended casualty of the 2017 Tax Cuts and Jobs Act. Trump's signature tax reform lowered the corporate tax rate from 35% to 21%, which was great for traditional corporations. But it made special tax shelters like REITs less attractive by comparison. REITs are not...
Stocks crept higher in early trading to start the final day of the first week of Q2 earnings season. Though many of the institutions that have reported this week have exceeded analyst expectations, Wall Street seems unimpressed. The Dow has gained 0.3% so far this week. The...
Stocks were weak in early trading this morning with all major benchmarks 1% or less from their record highs. A move lower in bond yields squashed enthusiasm for cyclical stocks that are closely linked to a recovering economy.
Market gains will come and go,...
Stocks got a boost this morning after Fed Chairman Jerome Powell gave reassurance that the central bank would wait before it starts easing its bond purchases despite surging inflation readings. Powell is set to speak before the House Committee on Financial Services at noon today. Wall Street...
Action was muted this morning to start the second quarter earnings season. Major financial firms start to release data today, beginning with Goldman Sachs (GS) who posted an earnings beat before the bell today. This marks the second straight quarter of better than expected earnings for the...