Business

Wall Street ends higher as rally continues

NYSE traders Image copyright Reuters

Stocks on Wall Street ended at another record high as the post-election rally on US markets continued.

The Dow Jones industrial average rose 141.8 points, or 0.7%, to 19,756.6, while the S&P 500 gained 13.3 points, or 0.6%, to 2,259.5 to end the week about 3% higher.

The Nasdaq Composite rose 27.1 points, or 0.5%, to 5,444.5.

US Steel was the biggest loser on the S&P, down 3.5%.

Shares in Coca-Cola ended 2.5% higher after the company said that its chief executive, Muhtar Kent, would step down in May next year to be replaced by James Quincey, the firm's British-born chief operating officer.

Shares in Restoration Hardware sank 18% after the furniture retailer cut its forecast for fourth-quarter profits.