Investors embraced Trump's election, snapping up stocks and selling bonds. The Dow climbed 256.95 points to 18589.69, as financial, drug and engineering shares rallied. The yield on the 10-year Treasury surged to 2.07%.
Bank stocks racked up big gains, aided by hopes for reduced regulation and stronger growth.
Executives world-wide were confronted with a political and economic landscape radically changed by the election.
The Federal Reserve will face a new president who has expressed varying views about its policies.
A "fiduciary rule" for retirement assets is in jeopardy after Trump's win.
Viacom's earnings slid 71% on weakness at its networks and at the box office.
GM will cut shifts at two U.S. plants early next year, idling 2,000 workers.
Burberry's profit tumbled 40% in the first half amid higher costs.
(END) Dow Jones Newswires
November 10, 2016 02:47 ET (07:47 GMT)
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