Stocks on Hot Streak, Dow Closes at Record High

Wall Street Reuters

An electoral poster of Donald Trump is displayed on the floor of the New York Stock Exchange (NYSE) the morning after the U.S. presidential election in New York City, U.S., November 9, 2016. REUTERS/Brendan McDermid (Copyright Reuters 2016)

Bank stocks and industrials surged on Thursday, pushing the Dow to a record closing high, while Apple and other technology shares sank as Wall Street rearranged its bets to benefit from Donald Trump's presidency.

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Based on the latest available data, the Dow Jones industrial average was up 218.73 points, or 1.18 percent, to 18,808.42, the S&P 500 had gained 4.31 points, or 0.2 percent, to 2,167.57 and the Nasdaq Composite had dropped 42.28 points, or 0.81 percent, to 5,208.80.

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