US stocks jump as House passes tax cut, Nasdaq hits record

The tech-rich Nasdaq Composite Index jumped 1.3 percent to end the session at 6,792.45

Wall Street cheered the House of Representative's passage of the Republican tax cut plan Thursday, pushing US stocks higher and lifting the Nasdaq to a fresh record.

The tech-rich Nasdaq Composite Index jumped 1.3 percent to end the session at 6,792.45, eclipsing its November 8 record by about three points. 

At the closing bell, the Dow Jones Industrial Average was at 23,457.32, up 0.8 percent, while the broad-based S&P 500 gained 0.8 percent to 2,585.67.

Source:AFP