S&P, Dow open at record highs on tax-cut optimism

(Reuters) - Wall Street opened higher on Friday, with the S&P and the Dow recording new highs, on growth optimism as the Trump administration inched a step closer to implementing its tax-cut plan.

The Dow Jones Industrial Average rose 79.88 points, or 0.34 percent, to 23,242.92. The S&P 500 gained 7.96 points, or 0.310683 percent, to 2,570.06. The Nasdaq Composite added 28.86 points, or 0.44 percent, to 6,633.93.

(Reporting by Sruthi Shankar in Bengaluru; Editing by Arun Koyyur)