US bull run charges on despite oil gain and bitcoin pain
It's unclear whether goodies promised by US President Trump will keep stock market momentum going in 2018
US stocks finished near record highs last week and look set to complete one of the strongest years for major indices since the financial crisis as President Donald Trump signed a massive tax cut into law and hinted that there would be more economic goodies to come.
Whether those goodies will keep the stock market run going in 2018 is unclear, however.
On Friday, Mr Trump signed the tax bill, which will slash the corporate tax rate and reduce personal income taxes for millions, measures set to cost the US Treasury about US$1.5 trillion.
TRENDING NOW
8 public officers referred to police over property buys near unannounced MRT stations: Chan Chun Sing
Retrenched PMETs who return on lower pay see median 25% wage cut
Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose
Vietnam’s northern provinces, not Hanoi or Ho Chi Minh City, are powering near 10% GDP growth