Senate Republicans’ unveiling of their version of tax reform took some of the wind out of the sails of the stock market last week, as all three major U.S. equity indexes recorded weekly losses for the first time in two months.
U.S. stocks declined for a third day, as the Dow lost 94 points or 0.6% Tuesday. [Read more…]
This past week saw some important milestones for stocks and for currencies, none more dramatic than the 6.7% rise in Tokyo stock prices to five-year highs even as the yen was falling to a four-year low of under one cent. [Read more…]