Stocks secured new intraday records as President Donald Trump again made vague references to a forthcoming tax reform plan. The president said a "massive" plan would be released in the "not-too-distant future." Domestic crude inventories rose at a steeper pace than anticipated. The Energy Information Administration reported an increase of 9.5 million barrels to U.S. stockpiles last week. Yahoo!  (YHOO) jumped this morning on reports Verizon  (VZ) had reached a revised deal to acquire the Internet company. Verizon is reportedly close to making the new deal public. The acquisition was in jeopardy after a string of hacks left Yahoo vulnerable. Fortress Investment (FIG) rocketed higher after Softbank agreed to buy the asset manager for $3.3 billion. The per-share offer values Fortress at a 39% premium to its close at the beginning of the week.

More from Video

Stock Market Just Took Another Beating -- Here's What You Need to Know

Stock Market Just Took Another Beating -- Here's What You Need to Know

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

Dunkin' Donuts Should Just Sell Itself Already

Dunkin' Donuts Should Just Sell Itself Already

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Intel CEO Out After Past Relationship With Staffer - Why Stock Is Now in Play

Intel CEO Out After Past Relationship With Staffer - Why Stock Is Now in Play