You are here: Home » Markets » News » Market Update
Business Standard

Wall Street jumps on Biden transition, Tesla tops $500 bn in market cap

Biden's transition to the White House ends weeks of political uncertainty

Topics
Wall Street | Joe Biden | Tesla

Reuters 

wall street
Wall Street

opened higher on Tuesday as the formal go-ahead for President-elect Joe Biden's transition to the White House ended weeks of political uncertainty, while surged 3.3% to cross $500 billion in market capitalization for the first time.

The Dow Jones Industrial Average rose 154.84 points, or 0.52%, at the open to 29,746.11.

The S&P 500 opened higher by 16.93 points, or 0.47%, at 3,594.52, while the Nasdaq Composite gained 58.70 points, or 0.49%, to 11,939.33 at the opening bell.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, November 24 2020. 20:05 IST
RECOMMENDED FOR YOU
.