Dow, S&P 500 hit fresh all-time peaks, but pro-Trump protests curb gains

Before the pro-Trump protests, financials hit a 1-year high, while materials, industrial and energy sectors jumped held their gains

New York: The Dow and the S&P 500 hit record highs on Wednesday, as investors piled into financial and industrial stocks on bets a Democratic sweep in Georgia would lead to more fiscal stimulus and infrastructure spending.

But Wall Street pared gains and the Nasdaq index fell after the US Capitol went into lockdown as supporters of President Donald Trump stormed the building.

"Anything that happens that disruptive is a concern for investors but panic is probably not a good strategy here," said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas citing the break in to