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Wall Street catches its breath after Trump rally

The Dow briefly rose to within 15 points of 20,000, the historic level it has threatened to breach for several days, but it relinquished that gain. U.S. stocks have rallied since the Nov. 8 election, with the Dow up about 9 percent and the S&P 500 6 percent on bets that President-elect Donald Trump’s plans for deregulation and infrastructure spending will boost the economy. The S&P 500 is trading at about 17 times expected 12-month earnings, well above the 10-year average of 14, according to Thomson Reuters Datastream.
Source: Yahoo Finance

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