Wall Street Hits Record High as Investors Eye Mergers
- 6 years ago
Wall Street Hits Record High as Investors Eye Mergers
Investor optimism was also fueled by a Republican proposal last week to slash the corporate tax rate to 20 percent from 35 percent
and end some tax breaks for companies and individuals.
Twenty-First Century Fox surged 9.93 percent after CNBC reported
that the film and television conglomerate has held talks to sell most of the company to media giant Walt Disney Co. Disney shares rose 2.02 percent.
(Reuters) - U. S. stocks climbed to record highs on Monday, helped by optimism about merger activity and as investors bet
that a Republican plan to cut corporate taxes would bolster earnings.
Paul Nolte said that The fact that the deal is on the table is huge,
that I think that has to be the main driver,
Investor optimism was also fueled by a Republican proposal last week to slash the corporate tax rate to 20 percent from 35 percent
and end some tax breaks for companies and individuals.
Twenty-First Century Fox surged 9.93 percent after CNBC reported
that the film and television conglomerate has held talks to sell most of the company to media giant Walt Disney Co. Disney shares rose 2.02 percent.
(Reuters) - U. S. stocks climbed to record highs on Monday, helped by optimism about merger activity and as investors bet
that a Republican plan to cut corporate taxes would bolster earnings.
Paul Nolte said that The fact that the deal is on the table is huge,
that I think that has to be the main driver,