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		</div><p>The US stock market has enjoyed its biggest single-day gain in nearly four months, pushing the major indexes to record highs.</p>
<p>The Dow Jones industrial average rose above 21,000 points for the first time in what was the biggest gain for the blue-chip index so far this year.</p>
<p>Banks were the biggest gainers amid heightened expectations that an improving economy will lead to higher interest rates.</p>
<p>Energy stocks also notched big gains but utilities and real estate stocks lagged.</p>
<p>The dollar strengthened against the yen and euro and other major currencies. Bond prices fell, as did the price of crude oil and gold.</p>
<p>Optimism over corporate tax cuts, deregulation and other business-friendly policy proposals reiterated by President Donald Trump during a speech before Congress helped fuel the rally.</p>
<p>Growing speculation that the Federal Reserve may soon elect to raise interest rates again also helped put traders in a buying mood.</p>
<p><i>&#8220;We&#8217;re seeing a strong risk-on rally in the face of rising expectations of Fed action as early as March based on a belief there will be a pro-growth agenda that gets enacted,&#8221; said Bill Northey, chief investment officer of the Private Client Group at US Bank.</p>
<p>&#8220;It&#8217;s been what I would characterise as a bit of market euphoria on the back of the president&#8217;s address to the joint session of Congress last night.&#8221;</i></p>
<p>The Dow jumped 303.31 points, or 1.5%, to 21,115.55. At one point, the 30-company average was up more than 356 points. The Dow had not been up more than 300 points in one day since November.</p>
<p>The Standard &#038; Poor&#8217;s 500 index gained 32.32 points, or 1.4%, to 2,395.96. That is the biggest single-day gain for the index, the benchmark favoured by professional investors, since early November.</p>
<p>The Nasdaq composite index added 78.59 points, or 1.4%, to 5,904.03. Small-company stocks continued to outpace the rest of the market, a bullish signal on the economy. The Russell 2000 index rose 26.95 points, or 1.9%, to 1,413.64.</p>
<p>All four indexes closed at new all-time highs. Each had set new highs last month.</p>
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