U.S. stocks traded sharply higher on Monday as investor sentiment was boosted the Senate narrowly passing a major tax bill over the weekend.
The Dow Jones industrial average rose 230 points, with Boeing and Walt Disney leading advancers on the 30-stock index. The Dow also hit a record high and briefly traded more than 300 points higher.
The S&P 500 gained 0.4 percent, with financials and industrials as the best-performing sectors, rallying 1.9 percent and 1.6 percent, respectively. The index also reached an all-time high.
The Nasdaq composite lagged, trading 0.6 percent lower as Facebook, Alphabet and Netflix all traded lower.
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