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Stock Market Today

Tuesday, January 16 2018

Daily Updates

Stock Market Today: January 16, 2018

William G. Ferguson | 01/16/2018

The first half of the month of January proved no different from what we saw throughout most of 2017, which was with sustained interest in equities and the major averages continuing to set and then break all-time highs. The same factors that were in play last year have spilled over into the New Year, highlighted by the continued euphoria over the largest reduction in the U.S. corporate tax rate in decades, a move that many pundits think will make American companies more competitive in the global marketplace.

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Stocks Highlights

Dow 30 Earnings: JPMorgan Chase Fourth Quarter 2017

Theresa Brophy | 01/12/2018

JPMorgan Chase & Company (JPM) kicked off the latest earnings season for banks with a good operating performance, but reported results reflected the upfront impact of the recently passed Tax Cuts and Jobs Act. Nonetheless, the stock rose roughly 1% following the financial release. The company recorded earnings of $1.07 a share in the December quarter, compared to $1.65 in the year-earlier period and our estimate of $1.72. The new tax law had an initial negative impact on earnings, partly reflecting the deemed repatriation of overseas remittances, reducing share net by $0.69.  

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Stocks Highlights

Dow 30 Earnings: NIKE, Inc. Second Quarter Fiscal 2018

Erik M. Manning | 12/22/2017

Athletic footwear and apparel giant NIKE’s November-period revenues and earnings surpassed lowered expectations, but troubles in the North American retail market did not please investors.

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