What Happened in the Stock Market Today

On Thursday, the Dow Jones Industrial Average (DJINDICES: ^DJI) burst through the 24,000 level for the first time to finish at 24,272. The S&P 500 (SNPINDEX: ^GSPC) also closed at a record.

Data source: Yahoo! Finance.

Industrials and transportation companies would be among those with the most to gain from corporate tax cuts, and they led the market as the odds of a tax bill passing seemed to improve. The Industrial Select SPDR ETF (NYSEMKT: XLI) rose 1.7% and the iShares Transportation Average ETF (NYSEMKT: IYT) added 2%.

Source: Fool.com