• The Dow Jones Industrial Average .DJI rose 160.5 points, or 0.69 percent, to 23,590.83, the S&P 500 .SPX gained 16.89 points, or 0.65 percent, to 2,599.03 and the Nasdaq Composite .IXIC added 71.76 points, or 1.06 percent, to 6,862.48.
U.S. stocks jumped on Tuesday, pushing all three major indexes to record closing highs, led by gains in this year’s top-performing technology sector.
• The CBOE Volatility index .VIX closed down 0.9 point at 9.73, its lowest close in more than two weeks.
• The S&P 500 hit a record closing high for the first time in about two weeks. Indexes posted losses last week as investors worried whether the tax plan in Washington will see progress.
• With the third-quarter earnings season winding down and no major economic data in sight, trading activity slowed ahead of Thursday’s Thanksgiving holiday.
• Goldman Sachs raised its earnings estimate for S&P 500 companies in 2018 and 2019 based on expectations of U.S. corporate tax reform, above-trend global and U.S. economic growth and slowly rising interest rates from a low base.
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• Asia markets rose in early trade on Wednesday, taking overnight cues from Wall Street where stocks rose to record highs after a rally in tech names lifted the broader market.
• Japan's Nikkei 225 gained 0.98 percent in early trade, while the Topix was up 0.59 percent. In South Korea, the Kospi rose 0.85 percent.
Reference: Reuters, CNBC
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