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Wall Street indexes open at record highs as Q4 off to strong start

Nine of the 11 major S&P indexes were positive on Monday


All the three major U.S. stock indexes opened at record highs on Monday, the first trading day of the fourth quarter, as investors bet on President Donald Trump's tax reform plan making some headway. Shares of Casino operators MGM Resorts International, Melco Resorts & Entertainment, Wynn Resorts and Las Vegas Sands slipped after a gunman killed at least 50 people in Las Vegas on Sunday. Gunmakers Sturm Ruger & Co and American Outdoor Brands moved higher after the mass shooting at a country music festival. Investors, however, focused on Trump's tax ...

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First Published: Mon, October 02 2017. 20:39 IST