Dow Rises to Record But Rest of Market Rolls Over on Tech Woes - NBC4 Washington
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Dow Rises to Record But Rest of Market Rolls Over on Tech Woes

A sharp decline in tech pressured the S&P 500 and Nasdaq composite

    Winter Olympics PyeongChang 2018 Medal Count
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    Norway
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    NEWSLETTERS

    Senate Narrowly Passes Tax Reform Bill

    The GOP tax bill passed the Senate on Dec. 2, 51-49, after a late-night round of amendments and voting. If the bill passes reconciliation with a House bill, it will bring the first overhaul of the tax code in 31 years. (Published Monday, Dec. 4, 2017)

    The Dow Jones industrial average notched a record closing high on Monday after the Senate narrowly passed a major tax bill over the weekend, CNBC reported.

    The 30-stock index rose 58.46 points to 24,2940.05, with Walt Disney and Boeing leading advancers. The Dow also hit an intraday record and rose more than 300 points at its session high.

    The rest of the market closed lower, however, as a sharp decline in tech pressured the S&P 500 and Nasdaq composite.