US stock markets made record highs on Thursday.
The Dow Jones Industrial Average surged 1.4 percent to break above 24,000 for the first time while the S&P 500 rose 0.8 percent.
The surge was attributed by some analysts to optimism over prospects for the Senate’s passage of a Republican tax-cut plan.
Canaccord Genuity's Tony Dwyer said that if the tax reform package gets passed, the S&P 500 could surge 17 percent from current levels.
“You're looking at over 3100 on the S&P 500,” Dwyer said on CNBC on Wednesday.
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