US Market Close 29 Nov 17: US markets brush off N. Korea missiles as tax reform nears

US sharemarkets hit fresh record highs as traders shrugged-off North Korean geo-political jitters, instead focusing on comments from Federal Reserve Chair nominee Jerome Powell. Mr. Powell's comments on interest rate hikes and deregulation propelled financial stocks higher. The US Senate Budget Committee approved the tax-cut bill. At the close of US trade, the Dow Jones was up by 256 points or 1.1%, the S&P 500 index rose 26 points or 1.0% and the Nasdaq rose by 0.5%.

 

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