(CNBC) U.S. equities closed higher on Thursday, notching fresh record highs, as a post-election rally continued following a key monetary policy announcement from the European Central Bank.
The Dow Jones industrial average briefly rose more than 100 points before holding 70 points higher, with Goldman Sachs contributing the most gains. The S&P 500 traded 0.17 percent higher, with financials rising around 1 percent to lead advancers.
The Nasdaq composite advanced 0.3 percent. The three major indexes, along with the small-caps Russell 2000 and the S&P Mid Cap 400, were all on pace to post record closing highs as of 3:16 p.m. ET.
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"This really is the Trump trade," said Phil Blancato, CEO of Ladenburg Thalmann Asset Management. "This trade is about the potential for a more pro-business economy."