Record Breaker! Dow Gains 170 Points, Nasdaq Hits New High

Stocks rallied today after Treasury Secretary Steven Mnuchin said tax reform could happen by year end–sending the Nasdaq Composite to a new all-time high.

The S&P 500 advanced 0.8% to 2,355.84 today, its highest close since April 10, while the Dow Jones Industrial Average rose 174.22 points, or 0.9%, to 20,578.71. The Nasdaq Composite gained 0.9% to 5,916.78, a record high.

Todd Market Forecast considers the implications of today’s rally:
Source: Barrons

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>