The Dow Jones Industrial Average and S&P 500 scaled fresh records on Monday as the main indexes opened with solid gains. Investors welcomed the weekend passage of the Senate version of a tax cut bill. The S&P 500 opened 17 points, or 0.6%, higher at 2,660, setting an intraday all-time high. The Dow Jones Industrial Average added 235 points, or 0.9%, to 24,469, also hitting a record. The tech-heavy Nasdaq Composite index advanced 49 points, or 0.7%, to 6,895, recouping some of the sharp losses from the previous week. Among the best performers on Wall Street were banking stocks. Shares of JPMorgan Chase & Co. and Morgan Stanley , which rose 3% and 2%, respectively in early trade.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News