World Bulletin / News Desk
A cornerstone of his presidential campaign, Trump promised to lower corporate and individual tax rates in his country.
The much-anticipated tax reform is to be announced later Wednesday, and it is expected to propose lowering corporate tax rate to 20 percent, from 35 percent, giving a boost to American companies' earnings.
Investors, as a result, have taken a buying position in the market and rushed at the stocks.
At the first bell, the Dow Jones rose 74 points to 22,358 points. The S&P 500 added 10 points to 2,507 points.
The Nasdaq increased 49 points to begin trading at 6,430 points.