NEW YORK (AP) - Banks and other financial companies led U.S. stocks sharply higher, pushing the Dow Jones industrial average above 21,000 points for the first time.
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Wednesday's gain was the biggest for the blue-chip index since November.
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Energy companies also rose. Bank of America rose 3.8 percent and ConocoPhillips rose 3.1 percent.
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The rally came a day after President Donald Trump reaffirmed plans to cut taxes and push for other business-friendly policies.
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Bond prices fell and yields rose after New York Federal Reserve President William Dudley said the case for raising interest rates had gotten stronger.
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The Dow jumped 302 points, or 1.5 percent, to 21,114.
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The Standard & Poor's 500 index gained 32 points, or 1.4 percent, to 2,395. The Nasdaq composite increased 78 points, or 1.4 percent, to 5,904.
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