Wednesday, 4 January 2017

Wall Street extends rally in sharp New Year's rise

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Wall Street rose sharply on Tuesday as a post-election rally extended into the new year, helped by gains in Verizon Communications and technology companies Alphabet and Facebook. US stocks have surged over the past two months on expectations that President-elect Donald Trump will stimulate the economy with tax cuts and infrastructure spending and slash regulations in the financial industry. "The market is picking up where it left off since the Trump presidency. What you are seeing is the market moving up in anticipation of fiscal expansion.

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