Business

Wall Street sets fresh record highs

Wall Street closed Image copyright AFP

Wall Street stocks hit fresh record highs after being bolstered by data showing US labour market strength.

A month-long rally since the presidential election of Donald Trump continued over optimism about domestic economic stimulus and reduced corporate taxes and regulations.

The Dow Jones Industrial Average was up 0.33% at 19,614.81.

The broad-based S&P 500 was up 0.22% at 2,246.19, while the tech-rich Nasdaq Composite rose 0.44% to 5,417.36.

Both the Dow and S&P 500 finished at record highs on Wednesday.

Financial services firms were the winners with Goldman Sachs up more than 2% and JP Morgan up around 1.2%.