Wall Street Rallies After McCain's Tax Reform Support
- 6 years ago
The Dow Jones Industrial Average hit a new high in late November 2017.
Rallying with other indexes on Wall Street, the Dow topped 24,000 points.
But why did the markets rally?
According to market analysts and investors, Senator John McCain's change of conviction regarding a tax reform bill influenced the positive swing.
According to Mark Heppenstall, chief investment officer at Penn Mutual Asset Management, the markets are now pricing with a higher degree of certainty on tax reform.
Rallying with other indexes on Wall Street, the Dow topped 24,000 points.
But why did the markets rally?
According to market analysts and investors, Senator John McCain's change of conviction regarding a tax reform bill influenced the positive swing.
According to Mark Heppenstall, chief investment officer at Penn Mutual Asset Management, the markets are now pricing with a higher degree of certainty on tax reform.