Dow Rams Through 24,000, Stocks Rally as GOP Tax Bill Looks More Likely

Stocks add to gains after Sen. John McCain voices his support for the legislation, making its passage more likely.
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Stocks added to gains after Sen. John McCain voiced his support for the legislation, making its passage more likely. The Senate should deliver a vote on the legislation in next two days.

The Dow Jones Industrial Average traded above 24,000 for the first time ever on Thursday and was on track for a closing record after setting a new all-time high a day earlier. The S&P 500 and Dow were on track to close out November with their eighth straight month of gains and their tenth of the year.

Technology names rebounded following the Nasdaq's worst day in three months. Facebook Inc. (FB) - Get Report , Netflix Inc. (NFLX) - Get Report , Apple Inc. (AAPL) - Get Report , Microsoft Corp. (MSFT) - Get Report  were higher on Thursday. 

Crude oil fluctuated on Thursday even after reports Organization of Petroleum Exporting Countries and other oil-producing nations had extended production cuts through to the end of 2018.

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