Dow soars 230 points higher to record as Street cheers Senate passing tax bill

by
December 4, 2017

104589400-GettyImages-697832156.600x400U.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.

2 Comments - what are your thoughts?

  • WALTER FLATT says:

    ANY PERSON IN THE MEDIA THAT LIES SHOULD BE BARRED FROM THE WORK FORCE, THE LAST LIE COST INVESTIORS MILLIONS AND BY THE GRACE OF GOD AND DONALD TRUMPS ABILITY TO GET THINGS DONE AS NOW BOUNCED BACK.

    BY THE WAY I HAVE BEEN A REGISTERED DEMOCRAT ALL MY LIFE. I STILL VOTED FOR TRUMP AND WILL AGAIN IF I AM ALIVE.

  • WALTER FLATT says:

    IN MY 86 YEARS I HAVE NEVER SEEN A PERSON AS QUALIFIED TO RUN THE LARGEST BUSINESS ON EARTH, (THE USA GOVERNMENT), THAN DONALD TRUMP, WE FINALLY HAVE A STRONG BUSINESS MAN THAT KNOW WHAT HE IS DOING, INSTEAD OF A BUNCH OF JACK LEGGED ATTORNEYS THAT KNOW ONLY TO CUT DEALS AND LINE THEIR POCKETS. HE SURELY IS NOT A BLOCK ORGANIZER LIKE OBAMA.

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