• The Dow Jones Industrial Average .DJI rose 140.46 points, or 0.57 percent, to 24,792.2, the S&P 500 .SPX gained 14.36 points, or 0.54percent, to 2,690.17 and the Nasdaq Composite .IXIC added 58.18 points, or 0.84 percent, to 6,994.76.
Wall Street hit record closing highs on Monday as optimism increased about the likelihood of lower corporate tax rates as the Republican tax bill moved closer to passage.
• The Republican-controlled U.S. Congress is expected to begin voting on sweeping tax legislation on Tuesday, aiming to get the bill to President Donald Trump to sign into law by the end of the week. Republican U.S. Senator Susan Collins said she would vote for the sweeping overhaul, all but ensuring its passage.
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• Major Asian indexes gained on Tuesday after U.S. stocks closed the Monday session at record highs as investors took bets on a tax plan that would overhaul the U.S. tax system.
• Japan's Nikkei 225 tacked on 0.27 percent after soaring more than 1.5 percent in the previous session. Most automakers and retailers saw gains, with Mitsubishi Motor outperforming its peers in the auto sector and gaining 2.88 percent in the early goings. Tech shares were mostly lower.
Reference: Reuters, CNBC
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