The Sentiment Signal We're Watching

Walmart is one of the best Dow stocks at midday

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Midday Market Check
 
 

6/05/2019

Congress Approves Up to $447 Billion in "Consumer Bonuses" for 121 Million Americans


On December 22, 2017, President Trump signed the new tax reform bill. Inside, in Section 11042, is a law that gives 121 million eligible Americans the chance to collect on "consumer bonuses" that could max out at $3,700 for some people. Better yet, this is available every year until 2025.There are no income requirements to collect

Full details here...

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Dow Up as Navarro Talks Mexico Tariffs

By Karee Venema

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The Dow Jones Industrial Average (DJI) is riding higher -- pacing for its third straight win -- as this morning's weak jobs data keeps the spotlight on a potential Fed rate cut. Walmart (WMT) is one of the best Dow stocks at midday, as the mega-retailer kicks off its annual shareholders meeting. Easing trade tensions are creating tailwinds, too, with White House advisor Peter Navarro saying earlier President Donald Trump's proposed Mexico tariffs "may not have to go into effect." The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are higher, as well, eyeing back-to-back gains.

Continue reading for more on today's market, including: 

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