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Kiplinger
Kiplinger
Business
David Dittman

'Donroe Doctrine' Pumps Dow 594 Points: Stock Market Today

(Image credit: Getty Images)

Investors, traders and speculators welcomed President Donald Trump's reassertion of American authority in the western hemisphere with a rally that lifted all three main U.S. equity indexes into or near all-time high territory. The so-called "Donroe Doctrine" means the White House will "run" Venezuela's oil and gas industry, and the energy sector reacted well to the president's pronouncement.

Financials and consumer discretionary stocks were up big, too, but relative weakness for technology-related names suggests questions about the AI revolution will linger in the new year.

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