The Dow Jones industrial average closed at a record high Monday, stretching post-election boom into a six-day winning streak.
The Dow gained 20 points as stocks across the board posted mixed returns. Despite a massive plunge in futures trading on election night, the Dow has rallied since President-elect Donald TrumpDonald TrumpYoungkin ad features mother who pushed to have 'Beloved' banned from son's curriculum White House rejects latest Trump claim of executive privilege Democrats say GOP lawmakers implicated in Jan. 6 should be expelled MORE pulled off his stunning upset victory. Last week was the index’s best since 2011.
Other stocks didn’t fair as well. The Nasdaq and the Standard and Poor’s 500 index fell 0.36 and 0.01 percent respectively. Even so, both made major gains alongside the Dow last week, their best respective performances since 2013 and February.
Climbing energy and finance stocks reflect expected deregulation from the Trump administration. Trump has promised a sweeping overhaul of the Dodd-Frank financial reform law and less stringent environmental safeguards for fossil fuels.
Trump’s proposed yet undefined massive infrastructure spending plan has also fueled the dollar’s rise. The dollar traded 1 percent higher to 100.03 against a collection of currencies.