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-0.000741174848317815 -0.00162024269167136 -0.000225455046883656 0.00135307501378924 0.0081012134583562 0.0225137892995036 0.0191843629343627 0.0117553778268063
Stock impact report

Trump’s Stock Market Has Been An Escalator Up But May Be An Elevator Down [Forbes]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Forbes
The stock market has done well since President Trump’s election. This has been driven by the tax cuts increasing corporate profits even though deficits have ballooned inheriting an economy with seven years of growth Even though earnings growth was essentially zero in 2019, the markets hit record highs throughout the year as valuations increased combined with an outlook for earnings to grow in the high single-digits in 2020. Unfortunately, the combination of rich valuations and the diminished outlook for earnings growth due to the Wuhan coronavirus, has led to very step declines in stocks the past week. The Dow has fallen around 3,000 points or over 10% and entered correction territory. After dropping over 900 points early on Thursday the market has recovered about half of it. Algorithms are playing and will continue to account for a large portion of the movements of the market as news items cross the wire and they react almost instantaneously. Companies are pulling guidance Numerous c Show less Read more
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