A 12-11 party-line vote on the Senate tax reform bill by the Senate Budget Committee sent markets soaring Tuesday afternoon.
President Donald Trump has promised tax reform for over a year, and after House Republicans passed their own version of the tax reform bill two weeks ago, the GOP is closer than ever to bringing one of Trump's biggest promises to fruition.
The Senate is expected to vote on the bill later this week.
The Dow Jones Industrial Average has set multiple intraday record highs this year, and Tuesday's performance added to the strong run the blue-chip index has been on.
Here are the Dow components that benefited most from the Dow's sudden spike.
J.P. Morgan (JPM) shares closed trading up 3.5%, to $101.37.
Costco (CSCO) shares closed trading up 2.33%, to $37.73.
Verizon (VZ) shares closed trading up 2.45%, to $48.83.
The Travelers Cos. (TRV) shares closed trading up 1.95%, to $133.03.
Goldman Sachs (GS) shares closed trading up 1.81%, to $239.37.
American Express (AXP) shares closed trading up 1.93%, to $95.27.
General Electric (GE) shares closed trading up 1.6%, to $18.41.