Stocks rally to record highs, Nasdaq closes above 13,000 for the first time

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Stocks rallied to record highs today, with the Nasdaq closing above 13,000 for the first time.

and formally declaring Biden the winner. Still, the Dow and the S&P 500 closed higher on Wednesday as traders looked beyond the event amid increasing prospects for more fiscal stimulus.

"I think the reason the markets aren't too flummoxed is it's not going to change the transition of power," Tom Lee, Fundstrat Global Advisors co-founder, said. NBC News projected on Wednesday afternoon that Democrat Jon Ossoff defeated Republican David Perdue in one of the two runoff elections in Georgia. Earlier in the day, NBC projected Democrat Raphael Warnock defeated Republican Sen. Kelly Loeffler in their Georgia runoff.

 

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The stock market reacting to riots like

Billionaire pump and dump. They know what's coming.

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