The Nasdaq Composite hit a record high on Tuesday, while the Dow and S&P 500 brushed against recent peaks as strong earnings underscored the health of corporate America. - From Reuters
The Nasdaq hit a record level of 6,036.02, breaching 6,000 for the first time, powered by gains in index heavyweights Apple (AAPL.O) and Microsoft (MSFT.O).
The Dow Jones Industrial Average .DJI rose 232.23 points, or 1.12 percent, to 20,996.12, the S&P 500 .SPX gained 14.46 points, or 0.61 percent, to 2,388.61 and the Nasdaq Composite .IXIC added 41.67 points, or 0.7 percent, to 6,025.49.
President Donald Trump is proposing to slash the corporate income tax rate and offer multinational businesses a steep tax break on overseas profits brought into the United States, officials said late on Tuesday.
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