Newspaper article St Louis Post-Dispatch (MO)

Travel Stocks Rise as Dow Inches Closer to 20,000

Newspaper article St Louis Post-Dispatch (MO)

Travel Stocks Rise as Dow Inches Closer to 20,000

Article excerpt

NEW YORK * Big gains for banks and companies focused on travel helped propel U.S. stock indexes to record levels on Tuesday. The Dow Jones industrial average ended just 25 points shy of 20,000, helped by a 1.68 percent gain by Goldman Sachs.

U.S. stocks have been on a tear since the Nov. 8 presidential election, with the Dow up 9 percent and the S&P 500 gaining 6 percent on bets that President-elect Donald Trump's plans for deregulation and infrastructure spending will boost the economy.

"The market is focused on the Trump agenda, which is tax cuts, infrastructure spending and deregulation," said Jeff Zipper, managing director for investments at Private Client Reserve at U.S. Bank in Palm Beach, Fla.

The Dow gained 91.56 points, or 0.4 percent, to a record close at 19,974.62. The Standard & Poor's 500 index picked up 8. …

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