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Dow cracks 30,000, a psychological boost during Covid-19 pandemic

At 30,000 points the Dow could lure in small investors still on the sidelines who are now eager to share in the market exuberance

Topics
Dow Jones | Coronavirus Vaccine | US markets

Alden Bentley |Reuters  |  NEW YORK 

The Dow Jones Industrial Average clocked its fastest 10,000 point run up to cross 30,000 for the first time on Tuesday, giving the stock market a psychological boost at a time when the coronavirus pandemic has damaged the economy and left millions unemployed. Investor sentiment has been lifted by encouraging news about coming coronavirus vaccines and improving prospects for a smooth White House transition. But the milestone is less significant to professional investors. At 30,000 points the Dow could lure in small investors still on the sidelines who are now eager to share in the ...

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First Published: Wed, November 25 2020. 01:10 IST
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