Stocks traded modestly higher in early action, with the S&P 500 and Dow industrials notching all-time highs. Stocks built on Tuesday’s record finish after an upbeat revision to third quarter gross domestic product data as investors await congressional testimony by outgoing Federal Reserve Chairwoman Janet Yellen and weigh progress on corporate tax-cut legislation. The S&P 500 was up 0.1% at 2,629.08, while the Dow advanced 66 points, or 0.3%, to 23,903 as it closed in on the psychologically important 24,000 milestone. The Nasdaq Composite lagged behind, slipping 0.2% to 6,902.
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