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Closing Bell: Fitbit Benefits From Dubious Buyout Offer; Dow at Record

Wall Street remained divided as investors tried to gauge possible policies after a Trump win.

Wall Street remained divided as investors tried to gauge possible policies after a Trump win. The Dow closed out at a new record, while the Nasdaq plummeted on a tech sell-off. Financials benefited from a post-election rally as investors bet on reduced regulatory hurdles for the sector. Trump advisors are also reportedly considering naming JPMorgan Chase (JPM) CEO Jamie Dimon as the administration's Treasury secretary. Fitbit (FIT) surged after a filing from China-based firm ABM Capital which offered a buyout. However, Fitbit has denied any offer was made and the veracity of the deal has not yet been confirmed. SodaStream (SODA) jumped after a better-than-expected quarter. The homemade soda company benefited from a renewed focus on sparkling water sales. Revenue from that unit spiked more than 20%.