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Nov 11 - Wall Street's main indexes hit record highs on Monday, extending post-election gains, ahead of the next batch of economic data that could decide whether the equity rally can sustain itself.
The Dow Jones Industrial Average , rose 390.08 points, or 0.89%, to 44,379.07, the S&P 500 , gained 13.36 points, or 0.22%, to 6,008.90, and the Nasdaq Composite , lost 1.11 points, or 0.01%, to 19,285.66.Financial stocks , such as Goldman Sachs , and JPMorgan Chase , jumped 2.7% and 1.5%, respectively. An index tracking regional banks , was up 2.4%.
"This is very much a continuation of a post-election sigh of relief rally," said Art Hogan, chief market strategist, B Riley Wealth."The second piece of the puzzle is that the Fed cuts rates again." Focus will be on consumer price inflation data, due Wednesday, and a raft of other key data this week.
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