Stock market rally fueled by tax cuts and growth hopes
Analysts say gains since Election Day reflect bets on tax cuts and looser rules for banks and other firms, with earnings growth and higher rates supporting stocks. The S&P 500 neared record highs as investors rotated into equities and retail funds, while some worry prices may be stretched.
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Caterpillar facilities raided in federal probe over Swiss unit
Federal agents searched Caterpillar Peoria headquarters and facilities in East Peoria and Morton Illinois under a warrant as part of an inquiry possibly linked to profits from its Swiss subsidiary CSARL. The company cooperates while IRS, Commerce, and FDIC IG pursue the matter.
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