video Video
Wall Street ends higher
Wednesday, September 27, 2017 - 01:11
Hopes President Trump is making strides with his new tax plan lifted financial shares and Wall Street Wednesday. Fred Katayama reports.
▲ Hide Transcript
▶ View Transcript
Wall Street shot north Wednesday. Financial shares led the way, partly driven by hopes President Donald Trump's administration may be making progress with the new tax plan he unveiled today. UBS Asset Management's Evan Brown: SOUNDBITE: EVAN BROWN, DIRECTOR OF ASSET ALLOCATION, UBS ASSET MANAGEMENT, (ENGLISH) SAYING: "The anticipation for this event has gotten the markets a little bit excited here. You're seeing yields higher, dollar higher and there are new hopes we're going to get a little bit of a second relfation trade here." Rising bets of a third interest rate hike this year after Fed Chair Janet Yellen's comments Tuesday lifted shares of big banks like Bank of America and Goldman Sachs. Nike shares fell, weighing on the Dow. The athletic apparel maker's quarterly sales grew at its slowest pace in nearly seven years. Shares of Micron Technology went the other way. The memory chip maker swung to a quarterly profit from a loss, and it issued a strong earnings forecast for the current quarter. In economics news, the big increase in new orders for capital goods in August surprised Wall Street. But sales of previously owned homes fell more than expected as a supply shortage drives up home prices. In Europe, markets rallied as Trump's tax plan fueled demand for bank stocks.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Wall Street ends higher
Wednesday, September 27, 2017 - 01:11
Top News »
7:56pm BST - (1:41)
7:20pm BST - (1:28)
2:46pm BST - (2:10)
2:32pm BST - (1:00)
2:31pm BST - (1:26)
2:06pm BST - (1:20)
11:48am BST - (1:17)
10:29am BST - (1:22)
5:58am BST - (2:35)
12:35am BST - (1:58)
Wed, 25 Apr, 2018 - (1:26)
Wed, 25 Apr, 2018 - (2:16)
Editors' Picks »
5:27pm BST - (1:59)
Wed, 25 Apr, 2018 - (1:59)
Tue, 24 Apr, 2018 - (2:00)
Tue, 24 Apr, 2018 - (1:36)
Mon, 23 Apr, 2018 - (1:56)
Fri, 20 Apr, 2018 - (1:24)
Fri, 20 Apr, 2018 - (2:04)
Thu, 19 Apr, 2018 - (1:45)
Most Popular »
Wed, 15 Mar, 2017 - (1:20)
Mon, 17 Jan, 2011 - (2:34)
Wed, 12 Oct, 2016 - (2:22)
Business »
9:18pm BST - (1:15)
8:02pm BST - (8:08)
6:39pm BST - (1:27)
6:22pm BST - (4:47)
5:33pm BST - (1:26)
5:33pm BST - (1:55)
5:14pm BST - (0:58)
1:53pm BST - (1:31)
1:47pm BST - (1:53)
1:47pm BST - (1:13)
1:46pm BST - (1:46)
1:46pm BST - (1:46)
Featured Videos
Giant sloth vs. ancient man: footprints reveal prehistoric hunt
Scientists uncover evidence of ancient humans engaged in a deadly face-off with a giant sloth, showing for the first time how our ancestors might have tackled such a formidable prey
Driverless car fleet plans London to Oxford run
A fleet of autonomous cars could take to Britain's roads later this year with advanced trials of a ÂŁ13 million project well under way
UK royals Kate and William have baby boy
It's a boy. Britain's Duchess of Cambridge has given birth to her third child, and second son, with husband Prince William
Aussie pilot Hall soars to victory in Cannes
Australian pilot Matt Hall claims victory in the second leg of the Red Bull Air Race world championship in Cannes, France
Luxury liner Queen Elizabeth II reopens as floating hotel
One of the world's most famous ships is now a floating hotel permanently moored at Dubai's Mina Rashid port
Technology »
11:57am BST - (2:03)
Wed, 25 Apr, 2018 - (1:17)
Wed, 25 Apr, 2018 - (2:04)
Wed, 25 Apr, 2018 - (1:49)
Tue, 24 Apr, 2018 - (1:54)
Tue, 24 Apr, 2018 - (2:13)
Tue, 24 Apr, 2018 - (1:51)
Tue, 24 Apr, 2018 - (1:48)
Mon, 23 Apr, 2018 - (1:55)
Sun, 22 Apr, 2018 - (1:30)
Entertainment »
9:23pm BST - (0:47)
8:20pm BST - (1:47)
4:24pm BST - (2:16)
2:00pm BST - (2:21)
1:11pm BST - (0:57)
4:21am BST - (0:54)
Wed, 25 Apr, 2018 - (1:17)
Tue, 24 Apr, 2018 - (1:38)
Tue, 24 Apr, 2018 - (1:51)
Tue, 24 Apr, 2018 - (1:18)
Tue, 24 Apr, 2018 - (1:25)
Tue, 24 Apr, 2018 - (2:02)
Sports And Leisure »
Wed, 25 Apr, 2018 - (0:55)
Tue, 24 Apr, 2018 - (0:47)
Mon, 23 Apr, 2018 - (1:17)
Mon, 23 Apr, 2018 - (2:38)
Mon, 23 Apr, 2018 - (1:27)
Mon, 23 Apr, 2018 - (1:17)
Mon, 23 Apr, 2018 - (1:30)
Mon, 23 Apr, 2018 - (1:40)
Mon, 23 Apr, 2018 - (1:07)
Fri, 20 Apr, 2018 - (1:08)
Oddly Enough »
6:18pm BST - (2:42)
5:55pm BST - (1:24)
Wed, 25 Apr, 2018 - (1:10)
Mon, 23 Apr, 2018 - (0:45)
Mon, 23 Apr, 2018 - (2:11)
Fri, 20 Apr, 2018 - (1:00)
Fri, 20 Apr, 2018 - (1:27)
Thu, 19 Apr, 2018 - (0:53)
Thu, 19 Apr, 2018 - (0:53)
Thu, 19 Apr, 2018 - (2:22)
Dateline Asia »
Tue, 05 Dec, 2017 - (2:06)
Tue, 05 Dec, 2017 - (2:11)
Fri, 01 Dec, 2017 - (2:04)
Thu, 30 Nov, 2017 - (2:10)
Thu, 30 Nov, 2017 - (2:14)
Wed, 29 Nov, 2017 - (2:11)
Tue, 28 Nov, 2017 - (1:55)
Tue, 28 Nov, 2017 - (2:21)
Mon, 27 Nov, 2017 - (2:25)
Fri, 24 Nov, 2017 - (2:16)
Fri, 24 Nov, 2017 - (2:14)
Thu, 23 Nov, 2017 - (2:18)