Wall Street climbs as tax reform enters last lap; bank stocks recover

U.S. stocks climbed higher on Thursday, boosted by gains in technology and banking shares and aided by news that the Republicans' tax code overhaul should face final votes in Congress before the year-end.

A final bill could be formally unveiled on Friday, with decisive votes expected next week in both chambers. On Wednesday, Republicans in the Senate and the House reached a deal on final tax legislation that would slash the corporate tax rate to 21 percent. "We have a pretty positive background, investors are focused.

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