Market Snapshot: Stock market poised to build on Trump tax-inspired gains

U.S. stocks looked set for more gains Friday, after a record-breaking session inspired by President Donald Trump’s promise of a “phenomenal” announcement about his tax plan soon.

Dow Jones Industrial Average futures YMH7, +0.17% rose 34 points, or 0.2%, to 20,170, while S&P 500 futures ESH7, +0.12% gained 2.95 points, or 0.1%, to 2,307. Nasdaq-100 futures NQH7, +0.14% added 7.25 points, or 0.14%, to 5,219.50.

Led by energy and financial stocks, major U.S. indexes notched record closes on Thursday after Trump’s comment on taxes. The Dow Jones Industrial Average DJIA, +0.59% rallied 0.6% to end at a record 20,172.40, while the Nasdaq Composite Index COMP, +0.58% logged a third-straight record close, gaining 0.6% to 5,715.18.

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