Wall Street touches record high as post-election rally continues

The Dow has risen about 8.6 percent since Nov.8, with President-elect Donald Trump's expected agenda of economic stimulus and reduced taxes and regulations fueling a rally. "The macro and fundamental background are favorable for stocks and we expect equities to trend higher as we head into 2017," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management. A hike of 25 basis points in the Fed's target range of 0.25-0.50 percent is priced in, but investors will be examining the Fed