Trump bets blast Dow to new high, bank sector hits 2008 levels

Wall Street

Wall Street Market Update

US banking sector shares on Thursday surged to levels not seen since the midst of the 2008 financial crisis, pushing the Dow to an all-time high, while technology shares sank as Wall Street rearranged its bets to benefit from Donald Trump’s presidency.

The Dow Jones industrial average jumped 1.17 percent to end at 18,807.88, smashing through its previous record high set in August by almost 1 percent. The S&P 500 rose 0.2 percent to 2,167.48 while the Nasdaq Composite dropped 0.81 percent to 5,208.80, hurt by losses in tech shares.
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