Dow, S&P 500, Nasdaq Hit New Records; Financials, Energy Stocks Climb

The three major U.S. stock indexes closed at record highs on Thursday as President Trump disclosed that a tax reform plan will be coming soon, oil prices rallied and energy and financial shares gained. The Nasdaq set a record for the third consecutive day. Oil settled up 1.3% to $53 a barrel. U.S. Bank analysts say, there's been a nice rebound in oil and that's likely what was propelling the energy sector. Whole Foods Market (WFM) gained over 3% after the grocer said that it plans to close nine stores and reduce expansion plans. The store also reported earnings of 30 cents a share, missing estimates of 39 cents, while revenue climbed 1.8% to $4.92 billion, but came in lower than expected. Tesla (TSLA) - Get Report shares were up after reports that it would stop production at its California assembly plant for a week in February to test-build the Model 3 sedan later this month.

This article is by a contributor.