US Stocks Opened Higher After Senate Approved Tax Bill
- Trade Magnates Team
- Dec 4, 2017
- 1 min read
Trade Magnates - US stocks opened higher on Monday after US Senate passed their version of the tax bill. The senate on Saturday approved their version of tax bill in a close vote 51-49. The house of Representatives and the Senate will reconcile the tax version before it becomes a law.
Dow futures increased more than 200 points, Nasdaq and S&P 500 were up half a percent. Wall Street indexes closed lower on Friday amid concerns over developments in a probe into Russia's alleged involvement in the U.S. presidential election.
On Friday, Michael Flynn, Trump's ex-national security adviser, pleaded guilty and turned himself into authorities for a plea hearing in Washington. Reports from several news outlets claimed that Flynn promised his full cooperation and was going to testify against President Trump by explaining that he was the one who directed him to make contacts with Russians during his candidacy.