Dow, Nasdaq hit record highs on tax reform hopes

U.S. stocks inched higher on Monday, with the Dow and the Nasdaq hitting fresh records, on rising optimism over President Donald Trump`s proposed tax overhaul.

The Dow Jones Industrial Average rose 7.43 points, or 0.03 percent, to 22,781.1. The S&P 500 gained 2.06 points, or 0.08 percent, to 2,551.39. The Nasdaq Composite added 7.26 points, or 0.11 percent, to 6,597.44.

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