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S&P hits record high close amid optimism over tax overhaul



NEW YORK (Reuters) – The S&P 500 hit a record closing high on Thursday and the Dow broke above the 24,000 mark for the first time as investor bet that U.S. Republicans would pass a U.S. tax overhaul.

Traders work on the floor of the New York Stock Exchange, (NYSE) as a screen displays the Dow Jones Industrial Average as it crosses 24,000, in New York, U.S., November 30, 2017. REUTERS/Brendan McDermid

Based on the latest available data, the Dow Jones Industrial Average .DJI rose 331.53 points, or 1.38 percent, to 24,272.21, the S&P 500 .SPX gained 21.51 points, or 0.82 percent, to 2,647.58 and the Nasdaq Composite .IXIC added 49.63 points, or 0.73 percent, to 6,873.97.

By Caroline Valetkevitch; Editing by Nick Zieminski

Our Standards:The Thomson Reuters Trust Principles.

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