Dow Jones industrials breach 24,000 in broad market rally

U.S. stocks were moving broadly higher in afternoon trading Thursday as technology companies rebounded after a steep sell-off a day earlier. The rally pushed the Dow Jones industrial average past the 24,000 mark for the first time. Investors welcomed signs that the odds were improving for the Republican-led effort to forge a sweeping tax overhaul bill. New data showing consumer spending grew in October also helped lift the market.