Dow Industrials Climb 332 Points to Finish Above 24000
Continue Reading Below
The Dow Jones Industrial Average surged more than 300 points Thursday to finish above 24000 for the first time, as hopes grew for a tax bill.
McCain's Support Bolsters GOP Hopes for Tax Overhaul
Sen. John McCain said he would support a $1.4 trillion tax cut that Republicans are advancing in the Senate, pushing the plan closer to passage though intense jockeying is still playing out among lawmakers.
OPEC Agrees to Limit Oil Output Through 2018
OPEC and a Russia-led group of big-oil producers agreed to keep limiting their output through the end of 2018, as they seek to provide assurance for an oil industry still working through a fragile recovery.
Continue Reading Below
Americans' Spending, Incomes Rose Briskly in October
Americans spent steadily in October while their incomes grew healthily, suggesting the economy is posting another quarter of strong growth.
Senate Tax Plan Won't Pay for Itself, Analysis Says
The Senate Republican tax plan would modestly expand the economy but cover less than a third of its cost, failing to meet the party's promise that it will pay for itself through faster growth, according to an official congressional analysis.
CBO Report Warns About Debt Ceiling
The government could run out of room to pay its bills by late March or early April unless Congress raises the federal borrowing limit, the Congressional Budget Office said in a new report.
Fed Official Steps Up Concern Over Bitcoin
Digital currencies such as bitcoin may not be secure enough for widespread public use, Federal Reserve official Randal Quarles said, stepping up the agency's concern over the highflying virtual currency.
Fed's Kaplan Supports Rate Increase in 'Near Future'
Federal Reserve Bank of Dallas President Robert Kaplan said Thursday he thinks a rate increase in the "near future" would be wise, citing a low U.S. jobless rate and the likelihood of further labor-market tightening next year.
The Return of the Repo: A Market's Postcrisis Comeback
An obscure but vital corner of financial markets is making a comeback after the financial crisis-repos-as banks begin to rejoin the increasingly buoyant market.
U.S. Jobless Claims Fell, Signaling a Strengthening Labor Market
The number of Americans filing applications for new unemployment benefits fell last week, showing the overall strength of the labor market.
(END) Dow Jones Newswires
November 30, 2017 17:15 ET (22:15 GMT)