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Dow, S&P 500 hit records as Senate clears tax-reform hurdle

October 20, 2017

U.S. stocks rose on Friday, with major indexes trading at or near records after the Senate passed a budget blueprint for the next fiscal year, a move that is seen as paving the way for the tax reform many investors believe is vital to keeping the bull market alive.

What are stock-index futures doing?

The Dow Jones Industrial Average DJIA, +0.28% rose 63 points, or 0.3%, to 23,226. The S&P 500 SPX, +0.34% gained 7 points, or 0.3%, to 2,569. The Nasdaq Composite Index COMP, +0.50% rose 29 points, or 0.4%, to 6,634.6.

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