While you were sleeping: Wall Street hits records

Mon, 21 Nov 2016

By Margreet Dietz Nov. 22 (BusinessDesk) - Wall Street rose to record highs amid bets that potential tax cuts and government spending under US President-elect Donald Trump will accelerate economic growth and corporate profits. In 12.50pm trading in New York, the Dow Jones Industrial Average added 0.4 percent, while the Nasdaq Composite Index gained 0.8 percent. In 12.36pm trading, the Standard & Poor’s 500 Index increased 0.6 percent. “It’s a push on the upper end of the equity markets due to this renewed belief that there’s tax cuts...

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