While you were sleeping: Tax plan progress lifts Dow

Mon, 04 Dec 2017

By Margreet Dietz Dec. 5 (BusinessDesk) - Wall Street rose, with the Dow and the S&P 500 both touching fresh record highs, as optimism about the Republican tax reform plan bolstered bank shares at the expense of technology stocks. In 12.47pm trading in New York, the Dow Jones Industrial Average gained 0.8 percent. However, the Nasdaq Composite Index slid 0.3 percent. In 12.32pm trading, the Standard & Poor’s 500 Index added 0.4 percent. Earlier in the day the Dow climbed to a record 24,534.04 while the S&P 500 touched a record 2,6...

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