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) and Credit Suisse (CS) rose on hopes of less burdensome regulations under a Trump administration. Shares of Macy's (M) 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) 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.
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