Dow Closes Above 24,000 Ahead of Senate Tax Vote - NECN
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Dow Closes Above 24,000 Ahead of Senate Tax Vote

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    NEWSLETTERS

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    Spencer Platt/Getty Images, File
    A man walks along Wall Street on Feb. 3, 2017, in New York City.

    The Dow Jones industrial average hit another milestone Thursday, closing above 24,000 for the first time, CNBC reported.

    It closed at 331.67-points, with United Technologies leading the way. The S&P 500 also reached an all-time high, advancing 0.8 percent.

    The milestones come as the Senate closes in on a vote on a bill that would overhaul the tax code with Sen. John McCain, R-Ariz., becoming a key supporter of the bill. President Donald Trump has promised tax reform, and the stock market has been buoyed by expectations of lower corporate taxes since his election.

    But Jack Ablin, chief investment officer at BMO Private Bank, cautioned that lowering corporate taxes "would not be as big a boon to large companies as it would be to small companies."

    How A New Chinese Policy is Causing a Recycling Nightmare in the US

    [NATL] How A New Chinese Policy is Causing a Recycling Nightmare in the US

    China has implemented a new recycling policy called National Sword, halting all imports of recycled materials. The U.S. was sending about 40 percent of its recycled goods to china before the policy's implementation which means there is a lot of recycled material with nowhere to go. See how the policy is affecting local recycling centers.

    (Published Monday, Aug. 13, 2018)