U.S. Stocks Hold Gains After Trump's Tax Overhaul Proposal Unveiled

By Sue Chang Markets MarketWatch Pulse

U.S. stocks traded in positive territory on Wednesday as investors digested the details of President Donald Trump's amibitious plan that proposed both simplifying tax codes for individuals and lowering the corporate tax rate to 15%. The S&P 500 rose 8 points, up 0.4%, to 2,397 while the Dow Jones Industrial Average gained 68 points, or 0.3%, to 21,063 while the Nasdaq Composite Index climbed 14 points, or 0.2%, to 6,039.

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