Dow Jones industrial average closes above 24,000 points

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Stocks powered to new highs on Wall Street on Thursday, giving the Dow Jones industrial average its biggest gain since March and putting it past 24,000 points for the first time.

Other market indicators also reached milestones Thursday. The Standard & Poor's 500 index, which is widely followed by professional investors, had its biggest monthly gain since February.

Technology stocks were responsible for much of the gain, following a sharp pullback the day before.

Investors welcomed signs that the odds were improving for the Republican-led effort to forge a sweeping tax overhaul bill.

The Standard & Poor's 500 index rose 21.5 points, or 0.8 percent, to 2,647.

The Dow Jones industrial average gained 331 points, or 1.4 percent, to 24,272. The NASDAQ composite rose 49 points, or 0.7 percent, to 6,873.

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