The US share market is heading for a record close in the aftermath Donald Trump's surprise win in the presidential election. Banks and health-care shares surged on bets that a Trump administration would roll back regulatory scrutiny of the industries. Industrial shares rallied as the Republican plans to boost infrastructure spending, Bloomberg reported. "Yields are moving their way higher, that's good for banks," said Art Hogan, chief market strategist and director of research for Wunderlich Securities in Boston told Bloomberg . "If there's going to be a friendlier regulatory environment that's going to be good for banks.

Source: New Zealand Herald November 10, 2016 20:44 UTC