U.S. Equities Remain on Track Posting a Strong Monthly Gains
- Trade Magnates Team
- Oct 31, 2017
- 1 min read
Trade Magnates - U.S. equities remain on track, posting strong monthly gains, on Tuesday amid renewed doubts over tax cuts by the House of Representatives.
Dow has gained over 4%, S&P 500 rising around 2% and the Nasdaq has continued outperforming and exposed to further gains for about 3%.
Investors and traders are focusing their attention at President Trump’s decision over who will be the next head of the Federal Reserve to be announced on Tuesday.
Also, investors will be watching the outcome of FOMC meeting that will be for 2 days starting today that will provide an overview over the health of the economy and inflation. In addition to Fed's upcoming monetary policy statement on Wednesday for fresh indications on the path of rate hikes this year and U.S. jobs report for October on Friday