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Dow scales 30,000 on vaccine headway, Biden transition; Tesla rises 6%

All the 11 major S&P indexes were up, with economically-sensitive sectors such as banks, industrials and energy leading gains

Dow Jones

FILE PHOTO: Traders laugh as they work on the floor of the New York Stock Exchange

Shriya Ramakrishnan and Shivani Kumaresan | Reuters
US stocks rallied on Tuesday and the Dow breached the 30,000 level for the first time, as investors anticipated a 2021 economic recovery on coronavirus vaccine progress and the formal clearance for President-elect Joe Biden's transition to the White House.
Of the 11 major S&P sectors, 10 gained ground, led by economically sensitive stocks such as financials, materials and energy, while industrialshit a record.
President Donald Trump finally gave the green light for the formal transfer of power to begin on Monday, a process that was delayed for weeks despite Democrat Joe Biden emerging as the clear winner in the

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First Published: Nov 24 2020 | 9:21 PM IST

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