Trump rally enters Day 2; Dow hits new high

The Dow surged as much as 180 points and blasted to new record highs after Asian markets soared overnight as Day 2 of the "Trump Bounce" gets underway as Wall Street fears related to Donald Trump’s stunning election win gives way to hopes that the president-elect's policies could boost the economy.

Wall Street equities look to extend their winning streak to four sessions.

At 10:10 a.m. ET, the Dow Jones industrial average was up about 135 points higher, or 0.7%, after earlier making a new intraday high of 18,769.46 and eclipsing its closing record high of 18,636.05 notched in mid-August. The Dow jumped 256.95 points Wednesday to 18,589.69.

The broad Standard & Poor's 500 stock index was up 0.2% as it nears its record close of 2190.15 and the Nasdaq composite added 0.1%.

The post-election rally has been driven by investors reassessing their views on a Trump presidency and beginning to focus on the growth-friendly positives for the economy, such as fiscal spending, lower taxes and less regulation of businesses under Trump.

In general, Wall Street is shifting its focus from Trump, the man and presidential campaigner, to Trump's policies.

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