Call it the Trump rally. After bracing for a huge sell-off, investors actually sent stocks soaring on Wednesday, with the Dow crossing into record territory. Investors sniffing out sectors expected to benefit from a Trump administration and Republican led Congress. Reuters' correspondent, Lewis Krauskopf.>> You look at healthcare, pharma and biotech are having huge days today, in part because of the receding fears of price control measures hitting pharm and biotech.
That's clouded that group all year under the prospect that Hillary Clinton would be president. You've also got groups like defense and construction companies like Caterpillar, and Cranemaker, Tariks, that are having big days because Trump is gonna spend in those areas. At least, that's the expectation.>> And appearing to have learned a Brexit sized lesson.
>> You heard the Brexit shock being compared to the Trump shock. And what you saw with Brexit was a steep fall off over two days, and then a steep rebound. And what one investor told me today is that maybe people were just condensing that steep fall off and steep rebound before the market opened.
So, the market was already pricing that in.>> Some sectors left out of Wednesday's rally, hospitals and health insurers bracing for Trumps threat to roll-back Obamacare. But, Krauskopf warns Wall Street's upswing may be short-lived with a political apprentice headed for the White House.>> Going forward, I think one of the things we're gonna be watching, is people are gonna be paying attention to President-Elect Trump.
Is he sort of the gracious more presidential figure that we saw last night or is he gonna be more erratic? Markets will react to that going forward over the next few weeks and months.>> I've just received