US Stocks Surge To Record High As Tax Bill Approaches The Final Approval
- Trade Magnates Team
- Dec 18, 2017
- 1 min read
Trade Magnates - US Stocks opened higher on Monday as expectation of tax bill approval increased. Major US equity indexes extended their gains on Friday and reached new records after two undecided Republican senators agreed to support the bill which increases the chance of its approval.
US futures rose with the S&P 500 increased by 9 points, Dow rose by 132 points and the Nasdaq 100 appreciated by 39 points. Elsewhere social media site Twitter was one of the top gainers rising 4.14% and tech giant Apple rose 0.83%.
The House and Senate are expected to pass the proposal and deliver the bill to U.S. President Donald Trump by the end of the week for his signature.
European stocks were up. DAX rose 208 points, CAC 40 increased 67 points, while the FTSE 100 moved up 33 points.