Stocks Rise: S&P 500 Closes Seventh Straight Month of Gains
- 7 years ago
Stocks Rise: S&P 500 Closes Seventh Straight Month of Gains
On the losing end was Under Armour, which recorded the largest loss in the S&P 500 after it said demand for
its sporting gear in North America weakened last quarter and cut its forecast for earnings this year.
"People talk about taxes, low interest rates and all these other things, but what really drives the market is earnings."
A cut would help boost profits for companies, and stocks of smaller companies in particular have been rising
and falling in sync with expectations for an overhaul of the tax system.
Smaller stocks did better than the rest of the market, and the Russell 2000 index of small-cap stocks gained 11.64, or 0.8 percent, to 1,502.53.
On the losing end was Under Armour, which recorded the largest loss in the S&P 500 after it said demand for
its sporting gear in North America weakened last quarter and cut its forecast for earnings this year.
"People talk about taxes, low interest rates and all these other things, but what really drives the market is earnings."
A cut would help boost profits for companies, and stocks of smaller companies in particular have been rising
and falling in sync with expectations for an overhaul of the tax system.
Smaller stocks did better than the rest of the market, and the Russell 2000 index of small-cap stocks gained 11.64, or 0.8 percent, to 1,502.53.