The index advanced 1 percent in the year to May.
The association's composite index, advanced to its highest level since December 1983, when it reached 69.9 percent.
A major index advanced 3.3 percent after news of his appointment.
It was the strongest climb since the second quarter of 1987, when the index advanced 7.2 percent.
The Standard & Poor's 500-stock index advanced 11.04 points, to 796.32.
Already in 1994, the widely watched index of blue-chip stocks has advanced 3 percent.
The Standard & Poor's index advanced 7.04 points at 915.39.
The index advanced 8.18 points, or six-tenths of a percent, to 1,373.46.
The Standard & Poor's 500 index advanced 4.62 points, to 860.32.
Other indexes also advanced strongly, although none broke a record.