(CNBC) U.S. equities rallied on Thursday after President Donald Trump said he would give an announcement regarding taxes in the next few weeks.

“Lowering the overall tax burden on American business is big league … that’s coming along very well. We’re way ahead of schedule, I believe. And we’re going to announce something I would say over the next two or three weeks that will be phenomenal in terms of tax,” Trump said in a meeting with U.S. airline executives.

The Dow Jones industrial average rose around 115 points, with Goldman Sachs contributing the most gains.

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