the Dow

The Dow Jones Industrial Average, the S&P 500 and the tech-focused Nasdaq Composite closed at record highs last week, with most stocks edging upward this week following a pause on Tuesday.

The S&P 500 rose by 3 percent on Wednesday; the Dow Jones Industrial Average, by 4 percent.

In early trading, the Dow Jones industrial average surged more than 1300 points, or about 3%, with expectations that a second Trump presidential term will bring major policy changes, including more tax cuts, more deregulation, more mergers and acquisitions and more domestic crude production.

In the US on Tuesday, the Dow Jones Industrial Average, S&P 500 and Nasdaq all closed more than 1% higher.

The Dow Jones Index is a measure of the performance of 30 large companies listed on US stock exchanges.