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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

Wall Street | Joe Biden | Tesla


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.)

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