Wall Street surged on Wednesday, with the Dow industrials and S&P 500 hitting fresh records, as equities continued their march upward after the presidential election of Donald Trump and a new high for transportation stocks added to the bullish tone.

The Dow Jones industrial average .DJI rose 297.84 points, or 1.55 percent, to 19,549.62, the S&P 500 .SPX gained 29.12 points, or 1.32 percent, to 2,241.35 and the Nasdaq Composite .IXIC added 60.76 points, or 1.14 percent, to 5,393.76.