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Wall Street rose on Monday, with the Dow Jones industrials setting fresh record highs, as services sector data gave further evidence of strength in the domestic economy. US services sector activity hit a one-year high in November, with a surge in production boosting hiring, following on the heels of Friday's employment report that showed strong job gains last month. US stocks have climbed since the Nov. 8 election, fuelled by expectations of significant economic stimulus and cuts in corporate taxes and regulations under President-elect Donald Trump. "A lot of people were negative going into the election, or cautious, so now they’re scrambling year-end to own stocks," said Alan Lancz, president of investment advisory firm Alan B. Lancz & Associates Inc in Toledo, Ohio.
Wall Street rose on Monday, with the Dow Jones industrials setting fresh record highs, as services sector data gave further evidence of strength in the domestic economy. US services sector activity hit a one-year high in November, with a surge in production boosting hiring, following on the heels of Friday's employment report that showed strong job gains last month. US stocks have climbed since the Nov. 8 election, fuelled by expectations of significant economic stimulus and cuts in corporate taxes and regulations under President-elect Donald Trump. "A lot of people were negative going into the election, or cautious, so now they’re scrambling year-end to own stocks," said Alan Lancz, president of investment advisory firm Alan B. Lancz & Associates Inc in Toledo, Ohio.
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