The Dow hit a new milestone of 19,000 just two weeks after Election Day. Wall Street is giddy about the prospects of more stimulus and less regulation under a President Trump and Republican Congress.
Wall Street seems to only focus on the Trump promises that could help stocks, like cutting taxes and rolling back regulation. Less business-friendly pledges like tearing up NAFTA, breaking up big banks and auditing the Federal Reserve have been largely ignored.
Boeing named General Electric executive Kevin McAllister as the head of its commercial airplane unit Monday as part of a corporate reorganization that will add a third pillar to its sprawling aerospace business.
The independent investigation into Wells Fargo's fake account scandal involves "dozens" of lawyers and is unlikely to conclude until the spring, a person familiar with the investigation told CNNMoney.
McDonald's CEO Steve Easterbrook thinks the economic uncertainty that existed in the months before the election will continue for "the next couple months at least" as President-elect Donald Trump wrestles with his transition.
The stock market is near record high levels and investors are clearly giddy. CNNMoney's Fear & Greed Index, which measures seven indicators of sentiment, is back in Greed mode. It was at Extreme Fear just before the election.
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