(CNBC) — Stocks finished at record highs on Tuesday as the Senate took a step toward passing a bill aimed at reforming the U.S. tax code.
The Dow Jones industrial average closed 255.93 points higher at 23,836.71, with JPMorgan Chase leading advancers. The S&P 500 jumped 1 percent to 2,627.04 as financials climbed 2.6 percent; the sector also had its best session since March 1. The Nasdaq composite gained 0.5 percent, closing at 6,912.36. The Russell 2000, which tracks small-cap stocks, outperformed, rising 1.5 percent.
The major indexes briefly pared gains after North Korea fired a missile that landed in the waters off the coast of Japan. Tuesday marked the first time since mid-September that North Korea launched a missile.
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