Stocks soar to new highs on tax reform hope
The Dow piercing 24,000 with stocks at new highs to end the month, as the chances for tax reform moves from fiction, to possible reality. Plus – Bitcoin’s wild week rolls on with a Fed official warning, and another exchange getting on board. We have the latest. And – he’s ba-aack. Tiger Woods teeing off – will golf, and its big sponsors, get back on track too? Plus – a big consumer trend for the holiday season is turning traditionalists on their head. Catch The Final Round at 3:55 p.m. with Jen Rogers and Yahoo Finance’s Seana Smith and Dan Roberts.
Winners and losers
Stocks in the red today include Barnes & Noble as the bookseller missed badly on earnings and revenue, Workday as the cloud HR software maker despite an earnings beat, on concern revenue growth was decelerating, and Juniper Networks – a big reversal for the networking firm following reports last night that Nokia was interested in buying it. Nokia has now denied those reports.
Stocks in the green include Sears as revenue beat street estimates, CVS as the Journal reports its near a deal to buy Aetna, and Kroger – no the supermarket isn’t dead as Kroger soars on a big earnings and revenue beat, with sales up 4.5%.
CytoSorbents CEO on healthcare sector
The healthcare sector has seen big gains this year. The XLV is up about 20%. We’ve heard repeatedly from the GOP and President Trump that tax reform and coming rollbacks in regulations will help smaller companies. Are more gains ahead? Phil Chan is the CEO of Nasdaq listed medical device maker CytoSorbents and joins us now.
