Markets

Wall Street Poised to Set Records for Fifth Straight Day as Trump Talks Taxes

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Stocks in the U.S. were set to close at new all-time highs for the fifth consecutive day on Wednesday as President Donald Trump's talk on taxes continued to cheer on investors anticipating his pro-growth policies. Health care and consumer staples led gains on the S&P 500 while 25 of the 30 blue chips on the Dow Jones Industrial Average were advancing in late trading.

Ahead of a meeting with retail industry executives, Trump said he would unveil a "massive tax plan" in the "not too distant future" that would lower taxes for both individuals and businesses. Data released earlier in the day also showed US economic strength, with retail sales and consumer price inflation both coming in ahead of expectations.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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