US stocks traded at record highs on Monday afternoon as the Republican tax plan, which is set to cut corporate tax rates, moved closer to passage. Earlier in the session, the Nasdaq surpassed the 7,000-point mark, while the S&P and the Dow reached record levels. More Republicans said on Sunday they expected Congress to pass the tax bill this week, with a Senate vote set for Tuesday and President Donald Trump expected to sign the bill into law by the end of the week.
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