U.S. Stocks Gain on Tax Outlook as Treasuries Drop: Markets Wrap
- The Dow Jones Industrial Average climbed past 24,000
- S&P 500 heads for longest monthly winning streak since 2007
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U.S. stocks posted record highs after John McCain backed the Senate tax bill and the biggest technology stocks rebounded from their worst selloff in more than a year.
The Dow Jones Industrial Average climbed past 24,000 after the statement of support from the Arizona Republican as the measure headed for a marathon debate, while the S&P 500 capped its longest monthly winning streak since 2007. Treasuries extended their slide, with the 10-year yield breaking above 2.4 percent. The euro and pound strengthened as Brexit negotiators moved closer to a divorce agreement.