Indexes hit record highs, helped by tax bill progress

Reuters  |  NEW YORK 

NEW YORK (Reuters) - surged to record closing highs on Tuesday, led by sharp gains in and boosted by progress for a cut bill, strong consumer confidence data and encouraging comments from President Donald Trump's nominee to lead the Federal Reserve.

Based on the latest available data, the Dow Jones Industrial Average <.DJI> rose 255.93 points, or 1.09 percent, to 23,836.71, the S&P 500 <.SPX> gained 25.65 points, or 0.99 percent, to 2,627.07 and the Nasdaq Composite <.IXIC> added 33.84 points, or 0.49 percent, to 6,912.36.

(Reporting by Caroline Valetkevitch; Editing by Nick Zieminski)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, November 29 2017. 02:45 IST