Gillian Tan, Columnist

Goldman Has Done Enough for the Dow, for Now

So much optimism is already baked into these stocks. Passing the baton to Apple, Boeing?

January 25, 2017 at 7:28 PM UTC

Gillian Tan is a senior reporter covering finance and alternative asset classes including real estate, infrastructure, private equity, private credit, venture capital and sports business. She previously wrote an opinion column for Bloomberg and was a reporter at the Wall Street Journal. She is a qualified chartered accountant.

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U.S. bank stocks helped drive the Dow Jones Industrial Average to and through the 20,000 milestone, but this may be as far as they take it -- for now, anyway.

Goldman Sachs Group Inc. contributed more than 370 points to the Dow's nearly 1,800-point rally since the presidential election. Its gains are part of a broader resurgence that has lifted financial stocks, which stand to benefit from potential deregulation, economic growth and higher interest rates.