Investing.com -- Wall Street's major market indexes all increased on Wednesday in the biggest single-day gain in equities since the election last month.
The Dow Jones Industrial Average was up, closing for the day at 19549.62, an increase of 1.55%.
The NASDAQ Composite also surged, ending the day at 53.93, an uptick of 1.14%.
The S&P 500 was also up 1.32%, finishing at 2241.35.
The S&P 500 health-care sector fell 0.8%, with shares of pharmaceutical companies unexpectedly posting some of the biggest losses. The Nasdaq Biotechnology Index declined 2.9%.
The market views President-elect Trump's promise to "lower the price of prescription pharmaceuticals" for middle-class Americans as a serious one, and it was reiterated in his interview, released this morning, by Time Magazine.
The once-venerable publication named Trump its "Man of the Year" today, after two cover stories, earlier this fall and late in the summer, showing him as a cartoon character melting from the heat of the U.S. presidential campaign.
Many senior citizens who live in the northeastern U.S. drive to Canada to buy prescription drugs, analysts note.
The prices are lower there due to socialist healthcare price controls.
Health care company stocks like Celgene Corporation (NASDAQ:CELG) and Universal Health Services Inc (NYSE:UHS). were down on the day, over concerns about revenue growth prospects, under the incoming Trump administration.
Banking and industrial stocks powered gains in the DJIA index, offsetting the bad news for drug and health care concerns, analysts said.