U.S. stocks rose to fresh highs Thursday, extending gains after their best day since the presidential election.

Investors have been buying stocks and selling bonds, betting that the Trump administration will usher in tax cuts, deregulation and fiscal stimulus, which they believe will support growth and inflation in the world’s largest economy.

The Dow Jones Industrial Average gained 65 points, or 0.3%, at 19615, after it added nearly 300 points Wednesday. The S&P 500 rose 0.2% and the Nasdaq Composite added 0.4%/Wall Street Journal. More here.