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US stock indexes mostly higher in early trading; oil slumps

A woman holds a bottle of tea in front of an electronic board displaying stock prices at a brokerage house in Hangzhou in east China's Zhejiang province, Thursday, Nov. 10, 2016. Asian shares rallied Thursday, extending a surprising global recovery as U.S. President-elect Donald Trump's conciliatory acceptance speech comments helped soothe world financial markets spooked by his unexpected U.S. election victory. (Chinatopix via AP)

Banks and other financial companies led U.S. stocks mostly higher in early trading Thursday, building on a strong rally the day before in the wake of the election of Donald Trump as the next U.S. president. Health care and industrial stocks were also big gainers, while safe-haven assets like utilities and phone companies slumped.

KEEPING SCORE: The Dow Jones industrial average climbed 122 points, or 0.7 percent, to 18,712 as of 10:24 a.m. Eastern time. The Standard & Poor's 500 index gained 2 points, or 0.1 percent, to 2,165. The Nasdaq composite index slipped 27 points, or 0.5 percent, to 5,223.

TRUMP BOUNCE: The upcoming Trump presidency, which will commence on Jan. 20, put many investors in a buying mood, giving many global stock indexes a lift early Thursday. Traders were focusing on Trump's promises to...


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