Wall Street hits record high after Donald Trump signs fiscal aid bill

Dow Jones Industrial Average rose 204.85 points, or 0.68%, to 30,404.72, the S&P 500 gained 25.82 points, or 0.70%, to 3,728.88

Wall Street's main indexes hit record highs on Monday as President Donald Trump's signing of a long-awaited $2.3 trillion pandemic aid bill bolstered bets on an economic recovery and drove gains in financial and energy stocks.

In a sudden reversal late on Sunday, Trump backed down from his threat to block the hard-fought bill, restoring unemployment benefits to millions of Americans and averted a federal government shutdown.

"Trump signing the Covid relief and government spending bill has gotten uncertainty out of the way, and the market right now is on autopilot - creeping its way higher into the new year," said Sam