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The Closing Bell: Dow Surges As Stock Market Snaps Out Of Funk
FYI: U.S. stocks rose the most in a week in light trading, while Treasuries declined amid growing speculation the Trump administration is gaining momentum in its efforts to reform the tax code. Industrial metals rallied.
The S&P 500 Index climbed a second day, buoyed by strength in technology, as the Nasdaq 100 Index hit the highest level since June on a closing basis. The risk-on tone spread to the dollar and hit havens amid reports the Trump team and lawmakers may be making progress toward pro-business reforms. Crude gained ahead of a U.S. government report that’s forecast to show stockpiles fell. Regards, Ted Bloomberg: https://www.bloomberg.com/news/articles/2017-08-21/asian-stocks-set-to-track-modest-u-s-advance-markets-wrap
