A fresh round of record intra-day and closing highs for the benchmark US indices - Dow up +85-points or +0.37% and the broader S&P500 +0.18% (with telecommunications and financials the strongest sectors, while falls in real estate and healthcare capped broader gains). Healthcare stocks came under pressure from comments from President Trump that companies were "getting away with murder" and that drug prices were "out of control". The NASDAQ +0.28%, with Netflix advancing +1.6% after posting third-quarter earnings and revenues that exceeded consensus forecasts after the closing bell. Apple rose +1.84%. President Trump and Senate Majority Leader Mitch McConnell reiterated on Monday that they want to see a tax reform bill passed by the end of the year, with Trump quoted as saying that "I really believe that we have a very good chance of getting the taxes done ... hopefully fairly long before the end of the year."
