_IBAPE_'s profile picture. Investment Banking and Private Equity. Following financial markets and business worldwide.

IBAPE

@_IBAPE_

Investment Banking and Private Equity. Following financial markets and business worldwide.

Jerome Powell tapped as Fed chair


NASDAQ has best day in 8 years, led by surge in Amazon and Alphabet stocks


Big day for earnings today


-S&P 500 closes at 2,560.40, up 0.13% -DOWJ closes at 24,000.86, up 0.31% -NASDAQ closes at 6,556.77, down 0.11%


-S&P 500 closes at 2,557.15, down 0.47% -DOWJ closes at 23,329.67, down 0.48% -NASDAQ closes at 6,563.89, down 0.52%


decreasing the deficit. (ROTH IRAs are taxed when money is put in, 401K contributions are taxed when money is taken out)


a year, down from $18,000 a year. This would incentivize savers to put more money in ROTHS than 401k's, thus increasing tax renvue and


Trump denies rumor that 401k's will be cut in tax plan. Proposedly, Republicans were debating cutting the max 401k contributions to $2400


-S&P 500 closes at 2,569.13, up 0.16% -DOWJ closes at 23,441.76, up 0.72% -NASDAQ closes at 6,598.43 up 0.18%


-S&P 500 closes at 2,564.98, down 0.40% -DOWJ closes at 23, 273.96, down 0.23% -NASDAQ closes at 6,856.83, down 0.64%


IBAPE = Investment Banking and Private Equity. Website to be launching soon.


Candidates for Fed Chair: Janet Yellen, Kevin Warsh, John Taylor, Gary Cohn, and Jerome “Jay” Powell


Trump to meet with Fed chair Janet Yellen tomorrow to discuss renomination


IBM leads rise of DOW, posting best day since 2009


DOW closes above 23,000


-S&P 500 closes at 2,561.26, up 0.07% -DOWJ closes at 23,157.60, up 0.70% -NASDAQ closes at 6,624.22, up 0.01%


Goldman Sachs (GS) falls 2.61% on the day


-S&P 500 closes at 2559.36, up 0.07% -DOWJ closes at 22,997.44, up 0.18% -NASDAQ closes at 6,623.66, down 0.01%


Trump to pick Fed chair by Nov 3


DOWJ hit 23,000 for the first time in history today


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