Here Is Why the Stock Market Has More Room to Run

The Dow Jones Industrial Average, S&P 500 and Nasdaq are flirting with record highs, but equities have more room to run, according to one analyst. "I think a lot [of the recent rally] has been attributed to the election results," said Darrell Cronk, president of Wells Fargo Investment Institute. "But if you look at the economic data, it has been strengthening materially." Cronk pointed to strong durable goods, retail sales and business spending figures. He said the strong data, coupled with the rally in stocks, paves the way for a December rate hike from the Federal Reserve. TheStreet's Scott Gamm reports from Wall Street.