Wall Street Rallies Powered by Cisco, Walmart; House Tax Vote Supports
Battle said that The tax plan isn’t a foregone conclusion but it passed the lowest hurdle in the House,
NEW YORK — Wall Street’s main indexes rose sharply on Thursday boosted by earnings-related gains in Wal-Mart
and Cisco, while a tax bill expected to boost corporate earnings passed its first, if smallest, hurdle.
Brian Battle said that There was good news on old line companies Cisco and Walmart adapting to the new economy,
The U. S. House of Representatives voted largely along party lines to pass a tax overhaul expected to be a boost to stock prices if it becomes law,
but the legislative battle now shifts to the Senate, where the Republican majority is much slimmer.