Dow Posts Best Week Since 2011 After Donald Trump Election Win | NBC4 Washington
Decision 2016

Decision 2016

Full coverage of the race for the White House

Dow Posts Best Week Since 2011 After Donald Trump Election Win

The Dow Jones industrial average closed about 37 points higher, with Goldman Sachs contributing the most gains

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    NEWSLETTERS

    AP
    Specialist Thomas McArdle, left, and trader Kevin Lodewick work on the floor of the New York Stock Exchange, Wednesday, Sept. 2, 2015. U.S. and global stock markets were recovering in late morning trading Wednesday after a sharp sell-off a day earlier.

    U.S. equities closed mostly higher on Friday, with the three major indexes posting their best weekly gains of the year on the back of a surprise Republican sweep, CNBC reported.

    "I think you're seeing a transition from a government that had its thumb on growth to a free economy," said Bruce Bittles, chief investment strategist at Baird. "We're now looking at an economy that can reach its full potential."

    The Dow Jones industrial average closed about 37 points higher, with Goldman Sachs contributing the most gains. For the week, the Dow rose around 5.4 percent, marking its best weekly performance since December 2011.

    "The Republican sweep across Washington should pave the way for tax reform at both the individual and corporate level. America's largest multinational companies will almost assuredly have the opportunity to repatriate some of its foreign cash holdings for a modest penalty," said Jeremy Klein, chief market strategist at FBN Securities.

    Trump Booed Leaving New York Times

    [NATL] Trump Booed Leaving New York Times
    President Elect Donald Trump is booed as he walks through the lobby of The New York Times Building after a 75-minute meeting with Times journalists. The lobby of the Times building is open to the public, and a large crowd had gathered by the time he departed. (Published Tuesday, Nov. 22, 2016)