Dow Hits 24000 As Broad Rally Lifts Markets
U S equities rise on strong economic data and tax bill optimism. The S P 500 up 0.8 percent to 2647.58, Dow Jones climbs 331.67 to 24272.35, Nasdaq adds 49.58 to 6873.97 as investors cheer growth and policy prospects. Major indexes gain for November amid strong consumer spending and job market. The 10 year yield rises to 2.41 percent amid positive data and tax reform expectations.
MENTIONED IN THIS ARTICLE
Wall Street
Washington
U.S
Commerce Department
Labor Department
Treasury
Congress
John McCain
Treasuries
S&p
DOW
DOW Util
Philip Morris
At&t Inc T
Chase & Co
Sears
Nells
Renee Uke
Bataton
Lea
Senate tries to salvage tax bill with rollbacks amid deficit fears
Senate Republicans pressed changes to the $1 trillion tax package as deficit concerns mounted. Legislation would roll back some cuts after six years and face Democratic attempts to rewrite measures. Leaders wrestled with automatic triggers and argues over business income deductions while aiming to pass a unified plan with the House before midterms.
MENTIONED IN THIS ARTICLE
Washington
Senate
Donald Trump
Chamber
GOP
Corker
Tennessee
Jeff Flake
Arizona
Wisconsin
Ron Johnson
Mitch McConnell
Mike Pence
John Cornyn
Texas
Flake
Senate Finance Committee
House
Nonpartisan
Joint Committee On Taxation
Treasury
Steven Mnuchin
John McCain
Lisa Murkowski
Alaska
McCain
Murkowski
New York
New Jersey
California
Illinois
Susan Collins
Maine
Collins
Trump
Steve Davies
R-Mont
Johnson
Also Mentioned on This Page
Marcy Gordon
The
Associated Press
Money & Markets
Ronan Exchange
Souver Vest
Argent
Suse
Canada
China
Hong Kong
Israel
N. Zealand
Norway
Russia
Africa
Korea
Sweden
Switzerland
Taiwan