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More Records on Wall Street
Stocks rose again this week for valid reasons, including signs of economic growth and improving corporate earnings. For the week, the major large company stock indexes advanced about 1½ %, with their smaller counterparts rising somewhat less. The gains were widespread across most stock indexes.
While the White House cadre is still getting their sea legs, investors remain buoyed by talk of tax cuts, easing regulations, and increased government spending. All of this should help corporate profits over the next couple of years. Further out, however, the picture gets a lot murkier.