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(Reuters) - U. S. stocks hit record highs shortly after the open on Friday, a day after President

2017-02-12 4 Dailymotion

(Reuters) - U. S. stocks hit record highs shortly after the open on Friday, a day after President<br />Donald Trump said he would release a major tax reform plan in the coming weeks.<br />Jeb Hensarling, the Republican chairman of a key House of Representatives committee, laid out his plan to roll back Wall Street<br />and consumer protection rules, which were put in place after the 2008 financial crisis, according to a staff memo seen by Reuters on Thursday.<br />Trump’s promise of a "phenomenal" tax plan helped reignite a post-election rally, which had stalled<br />in recent weeks on concerns over his protectionist stand and the lack of clarity on his policies.<br />The biggest theme for investors is that Trump’s tax plan will move quickly and he has always maintained<br />that it is going to be very aggressive, said Uriel Cohen, founder of Alpine Global in New York.

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