Investing.com – U.S. stocks indexes climbed again on Friday. This was heir best weekly performance since last month’s presidential election.
The record share price gains continue a now month-long rally for stocks. Investors are targeting equities which benefit from expected stronger economic growth as well as an anticipated fiscal stimulus.
Financial stocks have led the post-election rally, and climbed even higher during the last week.
Shares of banking firms around the world have flourished in the last month in expectation of interest rate differences between short- and long-dated government bonds, higher growth and a regulation rollback in America.
The Dow Jones Industrial Average was up at 2:30 p.m. Eastern, and closed at 19756.85.
The NASDAQ Composite increased as well, and closed at 5444.50.
TheS&P 500 also was up prior to today’s market closing, and closed at 2259.53.
Some analysts are speculating that the “Trump bump” in equities may see the DJIA exceed 20,000 before long.
This was the fifth straight record day for the Dow.
Dow utilities were up 5.1.