Wall Street surges to new highs, transports set record


Wall Street surged on Wednesday, with the Dow Industrials and S&P 500 hitting fresh records, as equities continued their march upward after the election of Donald Trump as U.S. president, and a new high for transportation stocks added to the bullish tone. Bobbi Rebell reports.

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The Dow hitting its 12th record close since the election. The S&P 500 also at a high, powered in part by gains in telecom and real estate stocks, which pay high dividends. The Dow transports also at a record for the first time in two years. But comments by President-elect Donald Trump in Time magazine that he would bring down drug prices hurt stocks in the healthcare sector.


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