U.S. stocks rose Friday alongside expectations that a tax-overhaul plan will pass, likely boosting profits for many U.S. companies. As the odds for passage of a tax overhaul have risen and fallen, so have stocks. U.S. stocks edged slightly lower on Thursday as several Republican senators, including Marco Rubio, expressed last-minute doubts about the plan. On Friday, some changes were made to the bill in what appeared to be last-minute concessions to some dissenters, and stocks jumped higher. The promise of changes to corporate taxes is a high-profile priority for Republicans, and some traders said it seems likely a compromise will pass before the end of the year.
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