Economic news

U.S stocks on course for weekly increase on tax bill optimism

U.S. stocks edged up on Friday as traders were optimistic about the adoption of the Republican’s $1.5 trillion tax bill by the year-end.

The Dow Jones Industrial Average jumped 0.53 percent, to 24,639.51.

The S&P 500 advanced 0.475111 percent, to 2,664.61.

The Nasdaq Composite rose 0.37 percent, to 6,882.18.

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