Dow Soars, Sets New Record Closing High

Stocks continued to rally on Wednesday as the Dow soared nearly 300 points to a new record closing high.
0:49 | 12/08/16

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Transcript for Dow Soars, Sets New Record Closing High
but the stock market is surging. The Dow closing at another record high, Rebecca Jarvis is here and, Rebecca, what is going on? This is the opposite of what almost every expert was forecasting since Donald Trump elected the Dow up more than 1200 points. Investors are focusing on the president-elect's proposed policies, fewer regulations, lower taxes and infrastructure spending and they're bullish on what that means for companies and businesses. Since stocks have now or since the election stocks have now hit record highs, 12 time, which is ultimately positive for everyone's retirement savings account and, guy, that means that in just the last month the typical 401(k) Up between $5,000 and $6,000 in just the last month, Michael and robin. Great news there. All right, Rebecca, thank you.

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