A rally in financial and industrial stocks drove the indexes to record levels. As Fred Katayama reports, it pushed the S&P 500's market capitalization above $20 trillion.
Financial and industrials extending the "Trump trade" rally on Wall Street. The main indexes hit record intraday highs, and the S&P 500's market capitalization topped $20 trillion. U.S. Bank senior portfolio manager Eric Wiegand: SOUNDBITE: ERIC WIEGAND, SENIOR PORTFOLIO MANAGER, U.S. BANK, (ENGLISH) SAYING: "Some of the things benefiting financials looking not only at interest rate moves, earnings growth, the prospects for further economic activity but also seeing again the prospect of a more favorable regulatory environment certainly has investors encouraged." Also driving those indexes higher: Apple. Shares surpassed ther record closing high after Goldman Sachs raised its price target on the iPhone maker. (alltime intraday hi is $134.54) Price wars in telecom: Verizon got back into the unlimited data game again, launching its new plan for $80 for the first line. The move comes one week after Sprint introduced its new all-you-can-eat data plan. Botox maker Allergan buying a medical device maker. It's paying nearly $2.5 billion for Zeltiq Aesthetics, driving Zeltiq's shares sharply higher. Aeromexico shares took off after Delta Air Lines upped its bid to buy up to a one-third stake in the Mexican airline. In Europe, consumer and basic materials stocks drove shares to their highest levels in two weeks. In Europe,