Tom Plumb comments on the market as it hit another record. He says that we’re starting to put together the puzzle of how the tax law will impact companies across the economy. He thinks the impact will be positive.

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Definitions

S&P 500 Index – an unmanaged index widely regarded as the standard for measuring large-cap U.S. stock market performance.

Dow Jones industrial Average – an unmanaged index of common stocks comprised of major industrial companies and assumes reinvestment of dividends.

Nasdaq Composite – a market capitalization-weighted index designed to represent the performance of the National Market System with includes over 5,000 stocks traded only over-the-counter and not on an exchange.

ICE U.S. Dollar Index – a measure of the value of the United States Dollar relative to a basket of foreign currencies, often referred to as a basket of U.S. trade partners’ currencies. The index goes up when the U.S. dollar gains “strength” (value) when compared to other currencies.

SXXP – STOXX Europe 600, also called STOXX 600, SXXP, is a stock index of European stocks designed by STOXX Ltd. A series of market indexes that are representative of the European and global markets. While there are global STOXX indexes, the majority of the focus is placed on the European market.

DAX Index – Deutscher Aktienindex (German Stock Index) is a blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.

It is not possible to invest directly in an index.