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U.S. markets showed continued upside momentum on prospects of a tax reform bill being passed and signed into law before the Christmas holiday. The Nasdaq traded above the 7,000 level to another record high after jumping 0.8% while the Dow moved closer to the 25,000 level after rising 0.6%.

The S&P 500 added 0.5% and came within five points of clearing the 2,700 level on its 62nd record close of the year.

Meanwhile, the Russell 2000 rallied 1.2% but fell shy of setting a fresh record high by seven points just south of 1,560.

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