Goldman Stock Hits Record on Bets Trump Will Unleash Wall StreetBy
Stock has jumped 37% since election, leading Dow Index higher
Trump blasted bank in campaign, then named alumni to top posts
Goldman Sachs Group Inc. climbed to a record high on optimism President Donald Trump’s administration will spur trading and dealmaking, slash corporate taxes and roll back costly regulations after installing the firm’s executives in top government posts.
The shares rose 1.3 percent to $249.46 at 4 p.m. in New York, passing a record close set in late 2007, just before the industry plunged into a crisis that almost brought down the global financial system. Goldman’s stock recovered much of its loss in the years after that turmoil, and since Trump’s election has soared 37 percent, leading the Dow Jones Industrial Average higher…
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