Cheer the tax reform package

Corporations benefit from lower tax rates and the US is closer to tax reform after the GOP passed their version over the weekend.

As a result, the major indices are opening with decent gains:

  • the S&P index is up 19.83 points or 0.75% to 2662.25
  • the NASDAQ composite index is up 42.25 points or 0.63% to 6891.62
  • The Dow industrial average is up 220 points or 0.91% at 24450.47