Stocks Ended Higher following Trump Victory

U.S. stocks ended sharply higher on Wednesday, led by a surge in financial, health-care and industrial stocks, as investors bet President-elect Donald Trump would increase spending on infrastructure. The Dow Jones Industrial Average gained 256.95 points, or 1.40%, to 18,589.69. The S&P 500 advanced 23.70 points, or 1.11%, to 2,163.26. The Nasdaq Composite gained 57.58 points, or 1.11%, to 5,251.07.

Oil futures settled at their highest level in a week on Wednesday as Donald Trump’s election win fueled a risk-on sentiment among investors. December West Texas Intermediate crude rose 29 cents, or 0.6%, to settle at $45.27 a barrel. January Brent crude added 32 cents, or 0.7%, to $46.36 a barrel.

General Motors Co. said Wednesday it will plans to invest more than $900 million at three plants for future products but also will reduce a shift two small car plants in Lansing and Ohio early next year to help with bloated inventory.