The S&P 500 and Dow Jones Industrial Average closed at fresh record levels on Wednesday, as upbeat report on the labor market as well as midterm election results that left Republicans with a Senate majority boosted prices. The Dow industrials hit fresh records in tandem with the Dow transports and Dow utilities. A rare occurrence, dubbed Dow Trifecta has happened only 26 times in the history of the averages. The last time this happened was on April 25, 2007, according to FactSet. The S&P 500 rose 11.43 points, or 0.6%, to 2,023.53. The Dow Jones Industrial Average jumped 100.69 points, or 0.6%, to 17,484.53. The Nasdaq Composite lagged the main benchmarks and closed down 2.91 points or 0.1%, at 4,620.72.
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