Wall Street rallies on optimism about tax reform

US stocks ended up on Tuesday, with each of the three major indexes posting their best one-day percentage gains in over a week, as lawmakers’ comments on tax reform and the debt ceiling boosted investor optimism.

The Dow Jones Industrial Average rose 196.14 points, or 0.9 percent, to 21,899.89, the S&P 500 gained 24.14 points, or 0.99 percent, to 2,452.51 and the Nasdaq Composite added 84.35 points, or 1.36 percent, to 6,297.48.

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Posted in: Indian Market Tips