(Feb 10): Wall Street's three main indexes surged to fresh record highs on Thursday after President Donald Trump said he would make a major tax announcement in a few weeks. "Lowering the overall tax burden on American business is big league," Trump said during a White House meeting with airline industry executives. The benchmark S&P 500 has rallied 7.9 percent since Trump's Nov. 8 election amid expectations he will usher in lower corporate taxes, but also reduce regulations and increase infrastructure spending. About 6.9 billion shares changed hands in U.S. exchanges, above the 6.7 billion daily average over the last 20 sessions. The S&P 500 posted 40 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 134 new highs and 23 new lows.

Source: The Edge Markets February 09, 2017 21:22 UTC