Stocks on Hot Streak, Dow Closes at Record High

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.

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.