Wall Street set to open higher after Trump tax cut talk

Wall Street looked set to open slightly higher on Friday, a day after its major indexes hit record highs on President Donald Trump's promise to unveil a tax reform plan in the coming weeks. Trump called his tax plan as "phenomenal", but offered no details other than citing the need to lower tax burden on businesses. The news helped reignite a post-election rally, which had stalled in recent weeks on concerns over Trump's protectionist stance and the lack of clarity on his policies.