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Stock market rallies to records as Trump teases tax-policy announcement
U.S. stocks finished higher Thursday with the major indexes all notching the latest in a series of record closes, with energy and financial stocks leading the way. Stocks, already in the green, gained altitude on the day and the U.S. dollar DXY, -0.02% climbed after Trump referenced a “phenomenal” announcement about his tax plan coming in the next few weeks. Trump’s pledge to cut taxes are expected to have a stimulative effects on asset values, but the president has been scant on details since he won the election back in November. The Dow Jones Industrial Average DJIA, +0.59% finished up 118.06 points, or 0.6%, ... (full story)