Oil, bank stocks send S&P, Dow to record highs
Energy-related stocks were the top 20 percentage gainers on the S&P 500 index. "I suspect this move in oil is probably temporary and may not last very long, but it is giving a boost to the market," said Randy Frederick, vice president of trading and derivatives at Charles Schwab. November is set to be Wall Street's best month since March, with the markets rallying on Donald Trump's victory in the U.S. presidential election.
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