U.S. stocks closed slightly higher on Wednesday, notching record highs, as a gain in the energy sector offset losses in tech.
Dow Jones is up by 39.32 points to $ 22158.18, with Chevron contributing the most of the profits. Apple, however, was the biggest loser in the index.
The S & P 500 reached a daily record. The index closed with an increase of 0.1% at $ 2498.37. Technology stocks were among the worst performers, falling 0.3 percent after closing at a record high on Tuesday.
Nasdaq did not make a major change and was up 0.1% to $ 6460.19 after Apple shares fell 0.8%.
Wall Street also got some hope that tax reform could still happen this year. Treasury Secretary Steven Mnuchin told CNBC on Tuesday that the administration would pass tax reform before 2018.
President Donald Trump, meanwhile, urged Congress to move forward with tax reform, saying on Twitter that "the biggest Tax Cut & Tax Reform package in the history of our country will soon begin. Move fast Congress!"
Source: Bloomberg Pro Terminal
Junior Trader Stefan Panteleev
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