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US stocks gain as investors await a flood of earnings reports


US stocks gained on Tuesday after two straight days of losses last week as investors await a flood of earnings reports in the week ahead.
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Yellen also said that there won t be any tax hikes or repeals of the 2017 tax reform provisions while the US is coming out of the pandemic in 2021, but any plans for tax changes could still jolt
markets.
Yellen said that the details of tax changes may be featured in this year s infrastructure bill, which she is going to help draft. This could be setting up an ebullient market for a bit of a bull correction. Investors are more likely to get jolted when seeing details of the tax hikes, just as they got giddy in 2017 when the corporate tax cuts were announced, said Max Gokhman, Head of Asset Allocation at Pacific Life Fund Advisors.Netflix is set to report fourth-quarter earnings after the market closes on Tuesday. Here s what four analysts expect when the streaming giant reports earnings and how they expect the stock to move. You can find a full calendar of this week s earnings here.

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