Updated with closing: The Dow Jones Industrial Average, which came close to the 30,000-point mark in January before Covid-19 ravaged most of the world, surpassed the number Tuesday amid optimism for Joe Biden’s presidency.
The barrier was broken about an hour into the trading day and the Dow finished the session at 30,046.24, up 454.97 points. The Nasdaq and S&P 500 also fared well, each rising more than 1%.
Top gainers among Dow components included Chevron, JPMorgan Chase, Goldman Sachs and Disney, which all saw their shares climb between 4%-5%.
It isn’t that investors have a clear preference for Biden, but they dislike uncertainty. Some of the dust kicked up by President Donald Trump, who has still not conceded he lost the November 3 election, finally began to settle Monday when administration officials allowed for transition activities to proceed. Biden will be eligible to start receiving official briefings, as is customary for...
The barrier was broken about an hour into the trading day and the Dow finished the session at 30,046.24, up 454.97 points. The Nasdaq and S&P 500 also fared well, each rising more than 1%.
Top gainers among Dow components included Chevron, JPMorgan Chase, Goldman Sachs and Disney, which all saw their shares climb between 4%-5%.
It isn’t that investors have a clear preference for Biden, but they dislike uncertainty. Some of the dust kicked up by President Donald Trump, who has still not conceded he lost the November 3 election, finally began to settle Monday when administration officials allowed for transition activities to proceed. Biden will be eligible to start receiving official briefings, as is customary for...
- 11/24/2020
- by Dade Hayes
- Deadline Film + TV
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