NEW YORK (AP) – Stocks powered to new highs on Wall Street, giving the Dow Jones industrials their biggest gain since March and putting them past 24,000 points for the first time.

Other market indicators also reached milestones on Thursday.

gettyimages 877573716 Dow Closes Above 24,000 For First Time

Traders work on the floor at the closing bell of the Dow Industrial Average at the New York Stock Exchange. (BRYAN R. SMITH/AFP/Getty Images)

The Standard & Poor’s 500 index, which is widely followed by professional investors, had its biggest monthly gain since February.

Technology stocks were responsible for much of the gain, following a sharp pullback the day before.

Investors welcomed signs that the odds were improving for the Republican-led effort to forge a sweeping tax overhaul bill.

The Standard & Poor’s 500 index rose 21 points, or 0.8 percent, to 2,647.

The Dow Jones industrial average gained 331 points, or 1.4 percent, to 24,272. The Nasdaq composite rose 49 points, or 0.7 percent, to 6,873.

(© Copyright 2017 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Dallas / Fort Worth

Drip Pan: CBS Local App
Drip Pan: Weather App
Drip Pan: Only CBS

Watch & Listen LIVE