Stock Market Today: December 15, 2017
Harvey S. Katz, CFA, Mario Ferro, and Robert Harrington | 12/15/2017
Each of the U.S. indexes reached new all-time highs on Friday as optimism for tax reform spurred a bell-to-bell rally. While the bullish run was partly supported by the morning’s positive economic updates (U.S. industrial production edged higher, capacity utilization reached a two-year high), the primary driver today was optimism from The Hill. The upturn was not limited to large-cap issues. In fact, the S&P Small-Cap 600 and Russell 2000 both outpaced the major composites.