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Wall Street again marks new highs in post-election run

Friday, December 09, 2016 - 01:06

Major U.S. stock indexes climbed again on Thursday and set fresh record highs, as a month-long rally, following the presidential election of Donald Trump, rolled on. Bobbi Rebell reports.

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No stop to the Trump stock market rally. The now month-long march upward extending with major indexes on Wall Street continuing to hit record levels, now including the Russell 2000. Erin Gibbs of S&P Global: SOUNDBITE: ERIN GIBBS, VICE PRESIDENT, S&P GLOBAL (ENGLISH) SAYING: "If we have a good November, we tend to have an even better December. And we just don't see any macro signals on the horizon that would say that there would be anything that would turn this bull market around in December. Everything is really firing on all cylinders. We are seeing higher wages, we are seeing lower unemployment, we are seeing better earnings. " Financials still a big driver, with Goldman Sachs the top stock on the Dow. The investment bank's shares have been the biggest contributor to the index's move since the election. Lululemon soared after the yoga and leisure apparel retailer reported a better-than-expected quarterly profit The European Central Bank left interest rates unchanged, but made a surprise decision to reduce its asset purchase plans to 60 billion euros from the current 80 billion euros. The major country indexes closed higher.

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Wall Street again marks new highs in post-election run

Friday, December 09, 2016 - 01:06