Wall Street rises further into uncharted territory
The Dow Jones Industrial Average rose 0.52 percent to end at 20,611.86. The S&P 500 gained 0.50 percent to 2,349.25 and the Nasdaq Composite added 0.64 percent to 5,819.44. Wall Street pushed further into record-high territory on 500 notching a seven-session winning streak, helped by a round of robust economic data and ongoing optimism that President Donald Trump will cut corporate taxes. Bigger-than-expected rises in retail sales and consumer prices in January reinforced confidence that the economy is growing at a solid pace following the strongest quarterly corporate earnings growth in over two years. In a meeting with top executives from U.S. retail companies, Trump said he would lower taxes substantially and simplify the tax code, echoing a vow he made last week and on the campaign trail. Optimism that lower taxes and corporate deregulation will expand the economy pushed the three major indexes to all-time highs.