Stocks close sharply higher as Dow takes 30,000

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The Dow closed above 30,000 for the first time, capturing a psychological milestone as investors cheered progress toward a smooth transition of power in the White House.

U.S. stocks rallied Tuesday and the blue-chip index captured a psychological milestone as investors cheered progress toward a smooth transition of power in the White House. The Dow Jones Industrial Average DJIA, +1.53% added 455 points, 1.5%, to close near 30,046, according to preliminary estimates, while the S&P 500 SPX, +1.61% gained 58 points, 1.6%, ending near 3,635. The Nasdaq Composite index COMP, +1.31% was up 156 points, 1.3%, finishing near 12,037.

Markets are looking past what's likely to be a difficult period as the coronavirus ramps up and anticipating stronger growth in 2021. Travel stocks like American Airlines Group Inc. AAL, +9.29% and United Airlines Holding Inc. UAL, +9.84% were among the S&P 500's biggest gainers on Tuesday. But a reading of consumer confidence released Tuesday morning was weaker than economists had expected, and suggested households may retreat, rather than spend, this winter.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Hello, please check out my gig if you need any kind of graphic design.

If Biden is the reason for a market spike, then maybe it isn't so bad that he's president elect.

Traders de pacotille, its because Trump won, 32K ahead

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines