Stocks opened higher on Thursday as the Senate got closer to voting on a bill aimed at overhauling the U.S. tax code.

The Dow Jones industrial average rose 115 points, breaking above 24,000 for the first time, with Goldman Sachs leading advancers on the 30-stock index.

The S&P 500 reached an all-time high at the open, advancing 0.4 percent, with financials among the best-performing sectors.

The Senate is expected to vote later on Thursday. If the upper chamber’s bill passes, the House and Senate would have to work on a new bill they can send to President Donald Trump. Tax reform was one of Trump’s main talking points during his campaign last year. After he won, expectations of lower corporate taxes grew in the stock market, helping equities jump to record highs.

(Source: CNBC)