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.

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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.