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US stocks surge; Dow marks first time above 21,000 points

Major U.S. stock indexes surged in late-afternoon trading Wednesday, on course to set new highs after pushing the Dow Jones industrial average above 21,000 points for the first time. Investor optimism over corporate tax cuts and other policy proposals reiterated by President Donald Trump during a speech before Congress drove the rally. Banks were the biggest gainers amid heightened expectations that an improving economy will lead to higher interest rates.

KEEPING SCORE: The Dow jumped 327

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