Tuesday, November 24, 2020
Stocks rose sharply Tuesday - cracking 30,000 for the first time - after President Trump authorized the government to begin the transition processes and as President-elect Joe Biden nominated his pick for treasury secretary, steps Wall Street cheered on as further progress in stabilizing the nation's economy. At midday, the Dow Jones industrial average had soared nearly 470 points, or 1.6 percent, to a record 30,060.98. It marked the first time the blue-chip had breached the 30,000 threshold.
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