Wall Street gains on data and Mnuchin tax reform remarks

Wall StreetWall Street

US stocks closed higher on Thursday as investors reacted to economic data and took cautious hope from Washington’s latest promises for long-awaited details of a tax reform plan.

The Dow Jones Industrial Average rose 55.67 points, or 0.25 percent, to end at 21,948.1, the S&P 500 gained 14.06 points, or 0.57 percent, to 2,471.65 and the Nasdaq Composite added 60.35 points, or 0.95 percent, to 6,428.66.

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Sensex, Nifty rangebound; RBI’s MPC meet outcome awaited Sensex, Nifty continue to be sluggish ahead of RBI policy; Europe mixed
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