The Dow Jones Industrial Average traded above 30,000 points for the first time. Previous NextThe Dow Jones Industrial Average closed above 30,000 points for the first time Tuesday as progress in the development of coronavirus vaccines and news that the transition of power in the U.S. to President-elect Joe Biden will finally begin kept investors in a buying mood. The Dow gained by more than 450 points, or 1.5 percent, to cross the milestone. The gains extend a monthlong market rally driven by growing optimism that development of coronavirus vaccines and treatments will loosen the pandemic’s stranglehold on the economy. The Dow gained 454.97 points at 30,046.24.

Source: The Standard November 24, 2020 21:45 UTC