Stock futures were sharply higher in the early session on optimism surrounding tax reform after the Senate passed a budget resolution Thursday night. Of note, the Senate resolution was apparently adjusted to accommodate demands from House Republicans, meaning the House is expected to pass the measure next week. The futures action led to a higher open for the broader market, which pushed the averages to fresh records. The Dow's move comes despite the poor earnings report from General Electric (GE), which remains lower but well off its opening lows. About 30 minutes into trading, the Dow is up 68 points, the Nasdaq is up 29 points and the S&P is up 8 points.