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Wall Street Hits Record High as Investors Eye Mergers

2017-11-07 0 Dailymotion

Wall Street Hits Record High as Investors Eye Mergers<br />Investor optimism was also fueled by a Republican proposal last week to slash the corporate tax rate to 20 percent from 35 percent<br />and end some tax breaks for companies and individuals.<br />Twenty-First Century Fox surged 9.93 percent after CNBC reported<br />that the film and television conglomerate has held talks to sell most of the company to media giant Walt Disney Co. Disney shares rose 2.02 percent.<br />(Reuters) - U. S. stocks climbed to record highs on Monday, helped by optimism about merger activity and as investors bet<br />that a Republican plan to cut corporate taxes would bolster earnings.<br />Paul Nolte said that The fact that the deal is on the table is huge,<br />that I think that has to be the main driver,

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