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Dow Ends Day Up 65

Nasdaq, S&P 500 also close higher
By Newser Editors and Wire Services
Posted Dec 8, 2016 3:11 PM CST
Dow Ends Day Up 65
Trader Peter Costa, left, works at the post that handles Salesforce on the floor of the New York Stock Exchange, Friday, Dec. 2, 2016.   (AP Photo/Richard Drew)

(Newser) – Major US stock indexes are closing at record highs for the second day in a row, the AP reports. Banks and materials companies logged the biggest gains Thursday. Goldman Sachs, which has surged 33% since the election last month, had the biggest gain in the Dow Jones industrial average. Higher bond yields helped send financial firms higher since higher interest rates will make lending money more profitable. Small-company stocks continued to outpace the rest of the market by a wide margin. The Russell 2000 of small and mid-size companies jumped 1.6%, far more than other indexes. The Dow rose 65 points, or 0.3%, to 19,614. The Standard & Poor's 500 index climbed 4 points, or 0.2%, to 2,246. The Nasdaq composite rose 23 points, or 0.4%, to 5,417. (Read more Dow Jones stories.)

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