On today’s episode of the Zacks Friday Finish Line, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week’s biggest stories, including the progress made on the GOP tax bill, North Korea’s missile test, bitcoin’s historic week, and what it all means for the stock market in 2018.
Throughout the week, investors reacted to a number of different headlines. From bitcoin reaching historic milestones to North Korea testing new weapons and the Republicans making progress on their long-awaited tax bill, Wall Street has had plenty to grapple with.
With tax cuts in the pipeline, a new Fed chair set to be confirmed, heightening geopolitical tensions, and more attention than ever on the cryptocurrency market, there looks to be quite the busy ending to 2017.
We had already seen some of these headlines result in real effects. Bank stocks, led by JPMorgan (JPM – Free Report) and Bank of America (BAC – Free Report) were soaring this week, while tech behemoths, especially Amazon (AMZN – Free Report) and Apple (AAPL – Free Report), suffered a major selloff on Wednesday.
Maddy and Ryan discussed these effects and highlighted the key factors that could influence these stocks as we approach 2018.
