US stocks close higher on energy lift, Trump tax talk

Wall Street's main stock indexes rose to fresh all-time closing highs

Wall Street hits record high on Trump tax talk — The economy has become too volatile and uncertain. Perhaps the dissatisfaction is driven by globalisation, automation and the decline of employers’ implicit promises to offer workers jobs through thick and thin Photo: istock

Last Updated : Feb 11 2017 | 3:10 AM IST

Wall Street's main stock indexes rose to fresh all-time closing highs as a spike in oil prices supported energy shares and investors renewed their optimism about President Donald Trump's economic agenda.

The Dow Jones Industrial Average <.DJI> rose 98.48 points, or 0.49 percent, to 20,270.88, the S&P 500 <.SPX> gained 8.28 points, or 0.36 percent, to 2,316.15 and the Nasdaq Composite <.IXIC> added 18.95 points, or 0.33 percent, to 5,734.13.

President Donald Trump said he would release a major tax reform plan in the coming weeks.

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