Dow Soars as Tax Reform Optimism Fuels Record Highs

Wall Street's major indexes hit record levels on Monday, driven by optimism surrounding potential tax reforms and a favorable regulatory atmosphere following Donald Trump's election. The Dow Jones, S&P 500, and Nasdaq all opened with significant gains, reflecting investor confidence in the new administration's economic policies.

Wall Street's major indexes achieved record highs on Monday, buoyed by investor optimism over the proposed tax reforms under President Donald Trump's administration.

The Dow Jones Industrial Average experienced a significant rise of 254.75 points, marking an increase of 0.58%, opening at 44,243.74. Similarly, the S&P 500 climbed 13.3 points, or 0.22%, settling at 6,008.86 as trading commenced.

Meanwhile, the Nasdaq Composite advanced 68.6 points, or 0.36%, reaching 19,355.338 at the start of the trading day, further demonstrating the stock market's positive response to the anticipated business-friendly policies.

(With inputs from agencies.)