SMILES EVERYWHERE: Stock Market Increases Ahead Of…

This week, the stock market is continuing to see record-level increases.

The latest increase could be a result of upcoming discussions in Congress about reforming the tax code.

Per CNBC:

The Nasdaq composite jumped about 0.7 percent, sending the index above 6,000 for this first time ever.

The Dow Jones industrial average rose about 230 points, with Caterpillar and McDonald’s contributing the most gains and briefly broke above 21,000.

The stock market has been seeing generally favorable increases in recent months, which is being described as a “good sign”:

“Earnings thus far have been good,” said Peter Cardillo, chief market economist at First Standard Financial. “That’s a good sign that Corporate America is on a renewed path toward growth.”

More than 190 S&P components are expected to have reported by the end of the week. Other big names scheduled to release quarterly results this week include Boeing, Amazon, Alphabet, Microsoft and General Motors.

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