The Dow Jones Industrial Average closed at another record high Monday, continuing a red-hot, post-election rally that propelled all three of the major stock market indices to close at record highs last week.
The Dow ended the trading session Monday at 19,796.43 — up 0.20 percent, and the index’s 15th record since president-elect Donald Trump won the election on Nov. 8, leading market watchers to refer to the resurgence in equities as a “Trump Rally” or the “Trump Bump.”
While the S&P 500 and Nasdaq composite indices gave back some of their gains on Monday, they’ve benefited from the Trump boost, too.
The S&P closed down 0.11 percent at 2,256.96 on Monday, but the index is up more than 117 points since Election Day. Meanwhile, the tech-heavy Nasdaq closed down 0.59 percent at 5,412.54 but is still up more than 219 points since Nov. 8.
Many investors see Trump as pro-business and believe his infrastructure spending plans and tax cut proposals will boost economic growth.