Dollar and stocks to react to Trump's tax plans - UOB

Ross J Burland FXStreet

With focus today on the expected tax plans from Trump, stock markets will dominate the financial markets and FX will respond. Analysts at UOB offered a recap of yesterday's performances.

Key Quotes:

"Strong earnings and talks of corporate tax cuts to 15% boosted Wall Street. The Dow Jones industrial average briefly broke above 21,000 before ending 232.23 points higher (1.12%) at 20,996.12.

The S&P 500 gained 14.46 points (0.61%) to close at 2,388.61. The Nasdaq advanced 41.67 points (0.70%) to end above 6,000 for the first time ever."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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