Business

Wall Street sets fresh record highs

  • 8 December 2016
  • From the section Business
Wall Street closed Image copyright AFP

Wall Street stocks hitting fresh record highs after being bolstered by data showing US labour market strength.

A month-long rally since the presidential election of Donald Trump rolled on over optimism about domestic economic stimulus and reduced corporate taxes and regulations.

The Dow Jones Industrial Average was up 0.33% at 19,614.81.

The broad-based S&P 500 was up 0.22% at 2,246.19, while the tech-rich Nasdaq Composite rose 0.44% to 5,417.36.

Both the Dow and S&P 500 finished at record highs on Wednesday.

Financial services firms were the winners with Goldman Sachs up more than 2% and JP Morgan up around 1.2%.