Dow, S&P 500 hit fresh records intraday on hope of tax-bill passage

U.S. stock indexes opened higher on Friday after the Senate passed a budget blueprint for the next fiscal year, a move that is seen as paving the way for the tax reform many investors believe is vital to keeping equities climbing. The Dow Jones Industrial Average rose 0.3% at 23,226, hitting a record high at 23,244.65, the S&P 500 index climbed 0.3% at 2,569, carving out its own intraday record at 2,569.81, while the Nasdaq Composite Index rose 0.4% at 6,634, just short of its record intraday at 6,635.52. For the week, the Dow is looking at a 1.3% increase, the S&P 500 was aiming for......(read more)

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