Stocks jumped back into record territory Wednesday after the Republican party secured control of the U.S. Senate for the first time in eight years Tuesday.
Investors are hoping for a more business-friendly approach from Washington in terms of taxes and regulations.
The Dow Jones industrial average gained 100.69 points, or 0.6%, to a record closing high of 17,484.53 and set a new intraday high of 17,486.59.
The Standard & Poor’s jumped 11.47, or 0.6%, to an all-time closing high of 2023.57.
Bucking the positive trend, the Nasdaq composite index dipped 2.91 points, or 0.1%, to 4620.72.
Source: USA Today | Adam Shell