U.S. stocks roar higher Tuesday, a day after the deadlines for Americans to pay what amounted to a "huge" tax bill, says Fundstrat's Tom Lee.
Investors scrambled for reasons to explain a sharp stock market surge Tuesday that saw the Dow Jones Industrial Average jump nearly 500 points as major indexes turned in their best performance in a month. A look at the calendar may offer the best explanation, argued Fundstrat co-founder Tom Lee.
The... Investors scrambled for reasons to explain a sharp stock market surge Tuesday that saw the Dow Jones Industrial Average jump nearly 500 points as major indexes turned in their best performance in a month. A look at the calendar may offer the best explanation, argued Fundstrat co-founder Tom Lee.
The note highlighted research that shows stocks have tended to suffer in the runup to “tax day,” as investors raise cash to pay Uncle Sam, often followed by a sustained bounce in years when investors face hefty tax bills .
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Dow gains 500 points, books best day in a month as stocks rallyStocks finished sharply higher Tuesday as energy prices pulled back and investors combed through another batch of corporate earnings. The DJIA gained about 502 points, or 1.5%, to end near 34,912, marking its biggest daily percentage climb since March 16.
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On Tax Day, an extension may be better than rushing a returnMonday is Tax Day, the federal deadline for individual tax filings and payments
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On Tax Day, an extension may be better than rushing a returnMonday is Tax Day, the federal deadline for individual tax filings and payments.
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On Tax Day, an extension may be better than rushing a returnMonday is Tax Day, the federal deadline for individual tax filings and payments.
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On Tax Day, an extension may be better than rushing a returnToday is Tax Day! The IRS expects to receive tens of millions of last-minute filings electronically and through paper forms.
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She’s 13, transgender and stopped swimming because of Utah’s law against athletes like her“Now the state is saying I’m not girl enough to compete,” said a 13-year-old transgender swimmer in Utah. “And that really hurts. Because I am. I am girl enough.”
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