Another night of records on Wall Street, with the Dow Jones Industrial Average settling above >23,000 for the first time after technology giant IBM surged +8.86% for its biggest single-session gain since January 2009 following a better-than-expected quarterly result US markets - Dow jumped +160-points or +0.70% and the broader S&P500 +0.07%, NASDAQ +0.01%. US Treasury Secretary Steven Mnuchin made quite an aggressive observation around tax reform, telling Politicothat "There is no question that the rally in the stock market has baked into it reasonably high expectations of us getting tax cuts and tax reform done....To the extent we get the tax deal done, the stock market will go up higher. But there's no question in my mind that if we don't get it done you're going to see a reversal of a significant amount of these gains."
