Main indexes saw a big growth on Thursday, thanks to the support of Wal-Mart and several technology companies.\u00a0 While investors are waiting for a vote on the tax bill introduced by the ruling Republican Party, Wal-Mart rose by 10.9%, for a record price of $99.62 per share. This is reported to be the company\u2019s biggest revenue growth in the US since 2009, breaking the expectations for revenue and sales.<\/p>\n
Cisco Technology Inc gained 6.3%, one day after the company\u2019s earnings exceeded the expectations, boosting the S&P Technology Index. Following today\u2019s gains, the S&P and Dow Jones indexes were on the right track, seeing the biggest growth in more than two months.<\/p>\n
Equity markets remain focused on good earnings and strong economic data. The Republican controlled US Congress is nearing a major test of its ability to reform taxes, as legislators prepare for their first full vote on the new tax bill. Reports indicate that the House of Representatives has enough votes to issue the plan.<\/p>\n
The Dow Jones Industrial Average rose 0.8%, or 187.08 points, the S*P 500 rose by 21.02 points, or 0.82%, while the NASDAQ saw a growth by 87.08 points, or 1.3%. The top 11 indexes in S&P also rose, boosted by gains in the consumer goods, commodities and energy sectors. Coffee maker Folgers rose 10% after its sales and earnings managed to beat the analysts\u2019 forecasts. While Viacom Media declined 4.10% after MTV owner\u2019s comments, stating that he expected a decline in the company\u2019s revenues for the first half of next year. Best Buy Electronics fell by 4.71%, after its stores failed to reach expectations, following the launch of the new iPhone X.<\/p>\n","protected":false},"excerpt":{"rendered":"
Main indexes saw a big growth on Thursday, thanks to the support of Wal-Mart and several technology companies.\u00a0 While investors are waiting for a vote on the tax bill introduced by the ruling Republican Party, […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":84,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,4],"tags":[24,33,21,14,22,10,23],"_links":{"self":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/83"}],"collection":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/comments?post=83"}],"version-history":[{"count":1,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/83\/revisions"}],"predecessor-version":[{"id":85,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/83\/revisions\/85"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media\/84"}],"wp:attachment":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media?parent=83"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/categories?post=83"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/tags?post=83"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}