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Post by bot on Nov 28, 2017 20:37:12 GMT -5
S&P 500, Dow and Nasdaq close at records
U.S. stocks closed sharply higher with all three main indexes ending at all-time highs. Investors focused on upbeat economic data and welcomed incoming Federal Reserve Chairman Jerome Powell's comments that he wouldn't make drastic changes to central bank policy. News that the Republican tax bill moved forward in the Senate also boosted confidence. Earlier, investors shrugged off jitters sparked by North Korea testing a missile for the first time since September. The S&P 500 closed 25.62 points, or 1%, higher at 2,627.04. The Dow Jones Industrial Average jumped 255.93 points, or 1.1%, to 23,836.71. The tech-heavy Nasdaq Composite index advanced 33.84 points, or 0.5%, to 6,912.36. Among the best performers on Wall Street were financials. Shares of Bank of America Corp jumped nearly 4%, while J.P.Morgan Chase & Co rallied 3.5%
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