Market Extra: Trump rally could mark biggest postelection stock market rise since Hoover

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Mania phase could stoke stock markets to new heights.

If the postelection stock market rally continues at its current pace it could be the largest stretching back to the gains scored in the wake of Herbert Hoover’s 1928 election victory.

Major indexes are trading at record levels with the S&P 500 SPX, -0.11% up more than 5% and the Dow Jones Industrial Average DJIA, +0.20% rising 7.8% since Nov. 8 over optimism that President-elect Trump will usher in a new era of economic boom on the back of higher fiscal spending and pro-growth policies.

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