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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

Wall Street

Reuters

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 Tesla 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: Nov 24 2020 | 8:05 PM IST

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