Small-business owners' confidence about their economic situation climbed in November, according to a report Tuesday, as improvements in the outlook of business conditions and expectations of sales gains followed the election of Donald Trump in the presidential election, says Dow Jones.

The National Federation of Independent Business's small-business optimism index rose to 98.4 last month from October's 94.9, among the highest month-on-month jumps dating back to 2011 and the second-highest rating in that time. Economists surveyed by The Wall Street Journal expected the gauge to climb to 97.0.