The Dow reached record highs as companies indicate the tax overhaul will boost earnings this year.
The S&P 500 posted its biggest gain since November, and the Dow rose more than 300 points to close above 26,000 for the first time. Semiconductor shares paced gains. The Nasdaq closed at an inflation-adjusted record for the first time in nearly two decades, The Wall Street Journal reported, passing one of the few elusive milestones during this long bull market.
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