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STOCKS EXPLODE TO RECORD HIGHS: Here's what you need to know

US stocks surged to new record highs amid investor expectations that the final version of the GOP tax bill will be released on Friday evening.

The S&P 500 soared 0.9%, while the Dow Jones Industrial Average increased 0.6% and the more tech-heavy Nasdaq 100 index climbed 1.2%.

First up, the scoreboard:

  • Dow:
  • S&P 500:
  • Nasdaq:
  • US 10-year yield:
  • WTI crude oil:

1. JPMorgan's quant guru says traders are waiting for tax cuts to unleash more stock market gains. Marko Kolanovic, the firm's

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