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Wall St jumps on tax-cut hopes, M&A flurry

(Reuters) – Major U.S. stock indexes hit record highs in a broad rally on Monday as the long-awaited bill to lower taxes looked set to be passed into law and a flurry of dealmaking buoyed sentiment.

More U.S. Republicans Senators on Sunday said 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.

U.S. stocks have enjoyed a near year-long rally – the benchmark S&P 500 .SPX and the bluechip Dow Jones Industrial Average Reuters: Business News

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