American futures inch up as House approves tax bill

American futures inch up as House approves tax bill

On Wednesday, Wall Street was set to start higher because Congress is supposed to vote on the final passage of the most ambitious tax overhaul for the last 30 years.

The S&P 500 futures rallied 0.29%, Dow futures tacked on 0.31%. At the same time tech heavy Nasdaq 100 futures acquired 0.35%.

Congress is believed to vote on the tax reform bill once again on Wednesday, right after lawmakers dared to have a Senate procedural measure violated. Donald Trump tweeted that if it’s passed, a White House news conference will be held at about 1:00 PM ET.

The tax bill would reduce corporate taxes from 35% to 21% that might encourage big businesses to spend more, thus stimulating the US economy.

Semiconductor Micron Technology Inc turned to be among the top winners in pre-market trading, soaring 6.64% after a firm first quarter earnings publication. At the same time beer maker Anheuser-Busch Inbev SA edged up 0.74%, IT firmGridsum Holding Inc tacked on 15.38%, On Track Innovations Ltd headed north 4.84%.

Similar

Apple event surprised traders
Apple event surprised traders

Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.

Latest news

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera