Tax Plan Worries and GE Dividend Cut Wobble Stock Prices

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Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

Still worrying about the Republican tax plan as well as possible impending interest rate hike, futures traders created small early losses this morning.  After the market opened stocks took the news about GE's dividend cut pretty hard causing the Dow to fall about 17o points by mid session.  The yield on the 10 year Treasury note fell to 2.37 and oil fell below $56 per barrel.  Dow recovered to close down only 30 points.

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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
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We are in an an energy state so we watch the price of oil and gas closely.

Nov 14, 2017 03:11 PM #1
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