Northern Wyoming Daily News - Serving the Big Horn Basin for over 100 years

By ALEX VEIGA
Associated Press 

Banks power solid gains for US stocks, more record highs

Banks led a broad rally in U.S. stocks Tuesday, lifting the market to a milestone-shattering finish.

 

November 29, 2017



Banks led a broad rally in U.S. stocks Tuesday, lifting the market to a milestone-shattering finish.

Gains by industrial stocks, retailers and health care companies also helped drive the major stock indexes to record highs.

Investors were encouraged by news that a Senate committee cleared the way for a tax reform bill to go before the full Senate. Financial stocks also got a boost from Federal Reserve chair nominee Jerome Powell, who told another Senate committee that the Fed would consider easing up on bank regulations.

Encouraging economic data and the latest batch of company earnings and...



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