As President Donald Trump's sweeping tax-cut and spending bill heads to the Senate, analysts examine how his broad-ranging policies could turn the fortunes of U.S. companies if the package is enacted as law.

U.S. stocks are drifting closer to their records after President Donald Trump raised hopes for a cooldown in his global trade war on Thursday. The S&P 500 was 0.4% higher in midday trading. The Dow Jones Industrial Average was up 130 points,

Wall Street loves a catchy acronym, and the “TACO trade” has captured the mood, as investors and analysts attempt to make sense of the roller-coaster market action that has followed President Donald Trump’s sweeping tariff threats and subsequent walk-backs.

Trump’s tendency to back off of his most extreme threats recently inspired a Financial Times writer to coin the phrase “ TACO trade ,” for “Trump Always Chickens Out.” But regardless of his reversals,

The Dow gained more than 700 points after the U.S. and the EU made progress on trade talks.

As Trump's sweeping tax-cut and spending bill marches forward, analysts examine how his broad-ranging policies could turn the fortunes of US companies.