Investing.com – New highs were set once again for equities on Wall Street today, following yesterday’s nearly 300 point increase.
All three major indexes reported new highs.
Stocks closed at new all-time records, as investors buy stocks, and sell bonds, on the belief that the incoming administration in Washington D.C. will slash taxes next year.
The gained 65 points, or 0.3%, at 19615.
The rose 0.2%.
The added 0.4%, and closed at 5417.36.
Among leading gainers on the day, Edwards Life Sciences Corp., up by 6.65%; Under Armor Inc., up by 6.62%; and Qorvo Inc (NASDAQ:)., up 4.84% on the S&P.
Shares of financial companies continued the post-election rally, as did energy sector stocks.
The announcement by the European Central Bank (ECB) that it was retreating on its policy of easing did not rattle markets in the U.S.