U.S. Stocks rebounding this AM, Optimism in Manufacturing, Net Neutrality
December 15, 2017
U.S. Stocks are rebounding this morning as tax bill concerns out of D.C. wane. The closely watched S&P 500 stock index declined the most in a month on Thursday after Republican Senators Marco Rubio and Mike Lee declined to back the tax bill without changes to child tax credits. Stocks have rallied in 2017 due in part to tax cuts that were promised by President Donald Trump.
Business activity continued to grow at a strong pace in New York State, as reported by firms responding to the December Empire Manufacturing Index. The index hit 18 this month, matching analysts’ estimates. Within the report it showed that new orders and shipments remained strong, while labor market indicators pointed towards a small increase. Looking ahead, firms remained optimistic about the six-month outlook.
Net neutrality? Those two words continue to make headlines on a daily basis, but just what is it? Net neutrality is the concept that all data on the internet should be treated equally by corporations, such as internet service providers and governments, regardless of content, user, platform, application or device. Network neutrality requires all internet service providers (ISPs) to provide the same level of data access and speed to all traffic, and that traffic to one service or website cannot be blocked or degraded, as described by Investopdia.