(CNBC) — U.S. stocks rose on Tuesday amid growing optimism that Republican lawmakers would be able to revamp the corporate tax system. Wall Street also looked to the Federal Reserve as its two-day policy meeting kicked off.
The Dow Jones industrial average jumped 120 points, boosted by gains in Boeing and Verizon. The index also posted intraday and closing record highs.
The S&P 500 gained 0.1 percent, notching intraday and closing all-time highs, with telecommunications and financials outperforming.
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