Dow jumps 250 points to record as Wall Street cheers Senate passing tax bill

AC2 WIRE

 

(From CNBC)

U.S. stocks traded sharply higher on Monday as investor sentiment was boosted the Senate narrowly passing a major tax bill over the weekend.

The Dow Jones industrial average rose 250 points, with JPMorgan Chase and Walt Disney leading advancers on the 30-stock index. The Dow also hit a record high.

The S&P 500 gained 0.8 percent, with financials and telecommunications as the best-performing sectors, rallying 1.9 percent and 2.3 percent, respectively. The index also reached an all-time high.

The Nasdaq composite also advanced 0.6 percent.

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