Trump rally is built on Obama-like hope

Despite the Comey drama in Washington, investors are still feeling upbeat about President Trump. Stocks are near their all-time highs as Wall Street hopes that Trump will eventually get tax reform and stimulus through Congress.
CNNMoney Markets Now
 
Dow Nasdaq S&P
-22.81   +5.27   -3.54
20,896.61   6,121.23   2,390.90
-0.11%   +0.09%   -0.15%
YTD +5.74%   YTD +13.71%   YTD +6.79%
 
Biggest Winners
Wynn Resorts Ltd +2.50%
 
Broadcom Ltd +2.11%
 
Exelon Corp +1.88%
 
Arconic Inc +1.80%
Biggest Losers
Nordstrom Inc -10.84%
 
Acuity Brands Inc -8.03%
 
Transocean Ltd -4.15%
 
Ralph Lauren Corp -3.57%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Stats Latest Today's Change
Oil $47.89 +0.05 / +0.10%
Gold $1,228.20 +0.50 / +0.04%
10-yr 2.33% -0.06 / -2.71%
Euro $1.09 +0.01 / +0.61%
News: What you need to know about the markets
 
 
Trump rally is built on Obama-like hope
Despite the Comey drama in Washington, investors are still feeling upbeat about President Trump. Stocks are near their all-time highs as Wall Street hopes that Trump will eventually get tax reform and stimulus through Congress. Read more »
 
Mexico: 'We have a lot of alternatives'
Mexican officials touted two trips this week — one to South America and one scheduled for China in the fall — to explicitly send a message ahead of NAFTA negotiations that Mexico has other alternatives on trade. Read more »
 
These stocks are getting left out of the Trump rally
The Trump bump is over for energy companies, financials and real estate firms. Retailers, gold miners and media stocks have fallen since Trump took office as well. It could be an ominous sign for the broader market as well. Read more »
 
OPEC tried to put this US shale oil driller out of business
OPEC's price war nearly forced shale oil driller Lilis Energy out of business. Now, like many others in the Permian Basin of Texas Lilis is on the comeback trail. Read more »
 
Trump's China trade deal won't wipe out the deficit
Thursday's deal should help exports of U.S. beef and natural gas but it won't fix the trade deficit with China. Read more »
 
This virtual reality startup is now worth $1 billion
Improbable announced Friday that it has raised $502 million in financing from investors including Japanese tech giant SoftBank. Read more »
 
 
 
 
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