UPDATE: Dow logs a record--along with S&P 500, Nasdaq, Russell 2000--as budget bill passes
By Anora M. Gaudiano, MarketWatch , Ryan Vlastelica
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U.S. stock-market indexes posted solid gains and closed at all-time highs on Thursday after Congress passed a budget resolution--a step seen as setting the stage for an overhaul of the tax code.
What are stock benchmarks doing?
The S&P 500 index rose 14.33 points, or 0.6%, to 2,552.07, rising for an eighth straight session. The benchmark notched its sixth straight record close, marking its longest such streak since the eight consecutive all-time highs in 1997. The index has notched its 43rd record closes in 2017 so far. Among the best performing sectors, financials and technology gained about 1%.
The Nasdaq Composite Index advanced 50.73 points, or 0.8%, to 6,585.36. The Dow Jones Industrial Average rose 113.75 points, or 0.5%, to 22,775.39, notching its 46th record close.
The Russell 2000 index of small stocks gained 4.32 points, or 0.3%, to 1,512.09, a fraction of a point below its record close set earlier this week.
What drove markets?