Financials continued its streak of gains for the second straight day following an increase in yield of the 10-year Treasury note. The Dow Jones Industrial Average (DJIA) closed at 22,118.86, gaining 0.3%.
The S&P 500 Index (INX) increased 0.3% to close at 2,496.48.
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This marks the blue-chip index’s 36th record close for 2017.
Stocks That Made Headlines" data-reactid="34"American Airlines August Traffic Rises, Q3 View Bearish American Airlines Group Inc.This led to gains for Goldman Sachs and JP Morgan JPM which increased 1.2%.Meanwhile, Nasdaq ended the session up 22.02 points and registered its 47th record for the year. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.“Backdating is still something we are considering and it would be a big boon for the economy," said Mnuchin at a conference organized by CNBC.Though the legislation for such reforms has not been prepared by the Congress, members of the GOP are confident tax reforms will reach fruition after the debt ceiling extension measure was passed last week.