Stocks on major world markets slipped on Friday last week (Feb 17) in the wake of back-to-back sessions of record highs as investors awaited clarity on U.S. President Donald Trump’s tax and trade policies, Reuters reported. Trump Effect has boosted the rally in Dow Jones by 4.02% since President Donald Trump won the race for the White House back in November, but this effect might have ended as Wall Street corrected in the past five consecutive trading sessions. Investors opted to take profit in stocks after recent gains while awaiting Trump’s policy on tax reform. The Fed rate hike in near future is also expected, and this issue boosted trading in stocks. But Trump also creates the uncertainty for market as he has made many controversial statements, including statements concerning the U.S.’ relation with Russia.
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