US stock market opens higher ahead of Trump tax reform

Trump's highly-anticipated tax reform is expected to be announced later Wednesday

US stock market opens higher ahead of Trump tax reform

World Bulletin / News Desk

The stock market opened higher Wednesday as investors await details of President Donald Trump's tax reform. 

A cornerstone of his presidential campaign, Trump promised to lower corporate and individual tax rates in his country. 

The much-anticipated tax reform is to be announced later Wednesday, and it is expected to propose lowering corporate tax rate to 20 percent, from 35 percent, giving a boost to American companies' earnings. 

Investors, as a result, have taken a buying position in the market and rushed at the stocks. 

At the first bell, the Dow Jones rose 74 points to 22,358 points. The S&P 500 added 10 points to 2,507 points. 

The Nasdaq increased 49 points to begin trading at 6,430 points. 

 
Last Mod: 27 Eylül 2017, 16:55
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