Monday Wall Street rallied to new records as leftover goodwill from Friday's rally pushed stocks to new heights. All three benchmark indexes have closed at records for the past three sessions after President Trump promised tax reform details were coming soon.
Apple (AAPL) closed at a new record, smashing the old one set in February 2015. The world's largest company got a kick from UBS which noted that its services business was currently undervalued. Popeye's Louisiana Kitchen (PLKI) surged on a report that Restaurant Brands (QSR) had approached the company regarding a takeover offer. Talks are ongoing, according to sources.
Teva Pharmaceuticals (TEVA) climbed after reaffirming its fiscal 2017 guidance. The drugmaker anticipates adjusted earnings of at least $4.90 a share.