(WSJ) U.S. Stocks Rise to New Highs, Buoyed by Telecoms and Financial Firms

By Michael Wursthorn and David Hodari

The Dow Jones Industrial Average and the S&P 500 clinched new records Tuesday, buoyed by shares of banks and other financial firms.

Bank stocks have been rallying in recent weeks as Republicans in the House and Senate work to complete a sweeping tax overhaul this year. Rising government bond yields, which…

 

Source: The Wall Street Journal