US stock indexes close at record highs — again

Author: Associated Press
Photo via Kevin Hutchinson / CC BY 2.0

NEW YORK (AP) — Major US stock indexes are closing at record highs for the second day in a row.

Banks and materials companies logged the biggest gains Thursday. Goldman Sachs, which has surged 33 percent 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 percent, far more than other indexes.

The Dow rose 65 points, or 0.3 percent, to 19,614. The Standard & Poor’s 500 index climbed 4 points, or 0.2 percent, to 2,246. The Nasdaq composite rose 23 points, or 0.4 percent, to 5,417.

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