U.S. stocks moved higher Thursday's as investors enjoyed a second day rally on the heels of Donald Trump's presidential election. Shares of European Banks including Deutsche Bank (DB - Get Report) and Credit Suisse (CS - Get Report) rose on hopes of less burdensome regulations under a Trump administration. Shares of Macy's (M - Get Report) were in focus after reporting third quarter earnings of $0.17 a share, while analysts had expected $0.41. Revenue of $5.63 billion matched forecasts. The retailer raised its full year comparable store sales guidance, expecting a decrease between 2.5% and 3% for the year, compared to a previous forecast of a decline of 3% to 4%. ConocoPhillips (COP - Get Report) is shedding as much as $8 billion worth of natural gas assets in an effort to slash its budget for 2017. Shares moved higher on the news. The oil company also unveiled plans to buyback $3 billion worth of stock. TheStreet's Scott Gamm reports from Wall Street.