Dow Jones soars past 23,000 mark to hit fresh record high

Buoyed by Trump's tax promises

The Dow Jones Industrial Average closed above the 23,000 mark for the first time, hitting a new record on the back of fresh reassurance from US President Donald Trump on his proposed tax reforms.

The US stockmarket has been buoyed in recent weeks, after Trump promised to go ahead with a range of tax reforms, to include a cut in corporate tax from 35% to 20%. On Tuesday night, the President reiterated his pledge to cut taxes, pushing the industrial index to fresh highs. The Dow Jones, which consists of 30 US stocks including Apple, Goldman Sachs and Nike, closed 0.7% higher on the day at 23,158. The index was also supported by strong results from IBM, which rose some 9% on the day as investors were cheered by promises the firm would finally return to growth after five years ...