Financial Review

Tax Day Maintenance

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Synopsis

…..Stocks rally, back in the green for 2018. Earnings lead the way. Netflix boffo. UnitedHealth lead insurers. Goldman beats but falls. Starbucks will undergo training. Housing starts jump. Tax cut bill widely disliked. IRS website breaks on Tax Day. Financial Review by Sinclair Noe for 04-17-2018 DOW + 213 = 24,786 SPX + 28 = 2706 NAS + 124 = 7281 RUT + 16 = 1579 10 Y – .02 = 2.81 OIL + .44 = 66.66 GOLD + 1.70 = 1348.20   Stocks rallied for a second day, thanks in part to better-than-expected earnings from industry heavyweights – notably Netflix and Untied Healthcare. And it is worth noting, despite blockbuster Goldman Sachs earnings – banks underperformed today. The S&P 500 rose to the highest in four weeks, moving above its 50-day moving average. The S&P 500 Index is up 4.82 percent over the past two weeks. All major US equity indices are now back in the green for 2018. West Texas crude traded above $66 a barrel. Treasury yields edged lower. The yield on the 2-year note is at 2.39% and the 10-year note is