It’s early in the trading day and it is crucial for investors to understand some of the pivotal events that will affect today’s market. Business Insider compiled a list of ten different things that will have such an effect. Here are a few example:
Trump’s tax plan is coming. President Donald Trump’s long-awaited tax plan will be unveiled Wednesday, and it is expected to drop the corporate tax rate into the 20% range from 35%.
Boeing scores a big victory against its Canadian rival. The US Department of Commerce issued a preliminary ruling that would slap a 219.63% tariff on every Bombardier C Series airliner imported into the US. A final ruling won’t be made until early 2018.
Nike gives cautious US outlook. The sneaker giant earned $0.57 a share, easily beating the $0.48 that Wall Street was expecting, but said it expected North American sales to continue to slide after dipping 3% in the quarter.
Keep an eye out for the tax plan announcement later today to get all the details and be wary of your Bombardier and Nike investments. Both have had a bad month and could be getting worse with this new news.
To find out what else is changing the market today, go to businessinsider.com. If you found this update helpful, check out our free newsletter.
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