The issues that have powered so much of this years rally. Today the Dow Jones Industrial e advan 187 points to 23,458. Nasdaq up 87 points to close at a record. And the s p 500 added 21. Our bob pisani has more on what took stocks higher. Reporter stocks rallied big time today, reversing six straight down days. What happened . First, washington did something. The house passed its version of a tax reform version. The senate still has to act but any progress on tax reform say cause to celebrate. Walmart and cisco had big earnings beats. Procter gamble moved up because nelson peltz finally appears to have won a seat on the board. High yield bonds turned around. The high yields markets often considered a proxy for investor willingness to take risks. That market has been weak for a couple of weeks now. The weakness has been in Telecom Companies which have faced difficult times. Once they stopped dropping, high yield markets started to stabilize. Im bob pisani at the networks for nightly bus
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