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U.S. markets showed continued momentum throughout much of Wednesday’s session following news the House and Senate have reached an agreeent on a proposed tax bill. However, the Fed decision to raise rates by a quarter-point and the press conference afterwards caused some profit taking ahead of the closing bell. The Russell 2000 led the way higher after jumping 0.6% but is still showing a loss for the month.
The Dow added 0.3% while trading to a record intraday high of 24,666 to extend its winning streak to five-straight. The S&P 500 also set a fresh all-time high after reaching an intraday peak of 2,671 but slipped a point, or 0.1%, into the closing bell. The Nasdaq advanced 0.2% but failed near-term resistance near the 6,900 for the second-straight session.
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