Trump’s promise to cut the federal corporate tax rate to 15% from 21% would raise S&P 500 earnings by about 4%, according to a September estimate by Goldman Sachs Group Inc. strategists. But that ...
The US Fed is widely expected to lower the benchmark interest rate on Thursday by a quarter percentage point, a move that will come on the heels of a half-point cut in September.
The S&P 500 climbed 2.5% on bets the newly elected president will enact pro-growth policies that will boost Corporate America.