Dollar and stocks to react to Trump's tax plans - UOB

With focus today on the expected tax plans from Trump, stock markets will dominate the financial markets and FX will respond. Analysts at UOB offered a recap of yesterday's performances.

Key Quotes:

"Strong earnings and talks of corporate tax cuts to 15% boosted Wall Street. The Dow Jones industrial average briefly broke above 21,000 before ending 232.23 points higher (1.12%) at 20,996.12. 

The S&P 500 gained 14.46 points (0.61%) to close at 2,388.61. The Nasdaq advanced 41.67 points (0.70%) to end above 6,000 for the first time ever."