infrastructure spending: Investors hope his plans for infrastructure spending, tax cuts and lighter regulation will benefit the economy, according to The Toronto Star. Banks, drugmakers and industrial companies rose the most, while safe-haven assets like utilities slumped. By Linda Nguyen The Canadian Press Wed., Nov. 9, 2016 Stocks have closed higher on Wall Street after Donald Trump upset victory over Hillary Clinton. Bond prices dropped sharply, sending yields higher. The Dow Jones industrial average climbed 256.95 points to 18,589.69, just shy of an all-time closing record, while the broader S&P 500 gained 23.70 points at 2,163.26. The yield on the 10-year Treasury note went above 2 per cent for the first time since January.
(news.financializer.com). As
reported in the news.
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