American indices close deep in the green territory

Major U.S. stock indexes reaped solid gains hitting record highs as the congress passed a budget resolution which is seen as setting the stage for revamping the tax code.

The S&P 500 index was up for an eighth straight session and added another 14,33 points or 0.6% closing at 2,552.07. The NASDAQ Composite Index also managed to gain 50.73 point, or 0.8%, to end the session at 6,585.36.

The Dow Jones industrial Index was also up by 113.75 points, or 0.5%, to end the session at 22,775.39.

The Greenback hold on to gains after jobless claims

The Dollar was traded in the green zone against the most of it European rivals, after a better-than -expected report on jobless claims. The report is closely monitored by investors as it is a clear signal for possible Federal reserve rate increase this year.

The ICE U.S. Dollar Index was up by 0.5% closing at 93.952 against six major currencies. The WSJ U.S. Dollar index, which is a much broader measure of the greenback, was also up by 0.5% and was last traded at 86.98.

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