05-12-2016 19:07 via news.yahoo.com

Techs buoy S&P, Nasdaq; Goldman pushes Dow to record high

Financial and technology stocks powered the Dow to an all-time high on Monday, and set the S&P and the Nasdaq for their best day in two weeks. The Dow has been enjoying a record-setting rally, largely driven by bank and industrial stocks, which are expected to benefit the most from higher spending on infrastructure and simpler regulations under a Donald Trump administration. The index has risen 5 percent since the Nov. 8 vote, while the S&P financial index has surged 14.3 percent.
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