The Dow was down triple digits earlier
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| | | 2/26/2019 | |
In the new tax reform bill, Congress quietly gave 121 million eligible Americans the chance to collect on "consumer bonuses" that max out at $3,700 for some people. This is available every year until 2025. And there are no income requirements to collect. Full details here...  |  | |
| Stocks Pivot Higher During Fed Chair Testimony | | By Patrick Martin | | The Dow Jones Industrial Average (DJI) is modestly higher at midday, swinging into positive territory after spending most of the morning in the red thanks to a negative earnings reaction for Home Depot (HD). The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) have also erased earlier losses, as investors digest the latest remarks from Fed Chair Jerome Powell. In the first day of his semi-annual testimony before Congress, Powell warned of "crosscurrents and conflicting signals" to a generally healthy U.S. economy, but noted the Fed is ready to adjust its monetary policy, as necessary. Wall Street is also weighing an onslaught of economic data, including a bigger-than-expected rise in consumer confidence in February. Continue reading for more on today's market, including: - The buzz that has this weed stock climbing.
- UBS is selling Caterpillar stock on global growth risk.
- Plus, pre-earnings options bears bet on more trouble for Campbell Soup; earnings beat powers AutoZone stock; and Blue Apron pulls back.
| | >> Continue reading... | |
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