The market popped following reports of a tax reform deal in the House and Senate. Investors are hoping that a tax bill will lead to even stronger corporate profits and consumer spending. And that should push the market even higher.
Under Armour is the worst performing stock in the S&P 500 for 2017. The company is hopeful that it can get back on track next year but analysts are still skeptical. Competition from Adidas and Nike continues to be fierce.
If all goes as the media world expects, at some point this week or next Disney will announce that it is purchasing a large chunk of 21st Century Fox in what would be one of the largest media deals in recent years.
Instead, Canadian officials announced Tuesday the country will buy used, older model F/A-18's from Australia. The decision is a major blow to Boeing, which loses out on an approximately $5.23 billion deal.