tax rates: The stock market opened higher, with the Nasdaq Composite notching an intraday record, but failed to defend its gains, according to Market Watch. Still, key indexes rose for a second week in a row and the Russell 2000 RUT, 0.47% logged its 11th straight daily advance. Investors taking profits on the recent rally also pressured major indexes. The index has hit a series of records of late, as investors increasingly favor small-cap stocks. Many investors think that Trump policy proposals including massive cuts to corporate tax rates and financial and environmental deregulation will spur growth, inflation and higher interest rates. Read Trump win a windfall for stock market little guys The market has been steadily rising all month but the uptrend accelerated after the unexpected election of Donald Trump.
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