Dow closes above 30,000 pts for the first time in history

Tuesday, 24. November 2020 22:00

Wall Street ended deep in the green on Tuesday following the news that the distribution of Pfizer's coronavirus vaccine would likely start by mid-December.

The presidency transition officially began, as the General Services Administration (GSA) authorized President-elect Joe Biden to access federal funding. In business news, Tesla Inc. skyrocketed to new highs and surpassed the $500 billion market cap as the stock rally continued.

The Dow Jones jumped 1.54% or 454 points to close above 30,000 at a new record high, as Chevron Corp. led the gains by advancing 5.03%. The Nasdaq 100 soared 1.46% or 173 points, with Tesla surging 6.43%. The S&P 500 rose 1.62% at the end of the session to stand just 10 points behind its highest value. Dollar Tree climbed 14.08% to stand as the top gainer. Meanwhile, the euro stood flat against the dollar to go for 1.18896 at 4:01 pm ET.

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Breaking the News / ND