- Apr 15, 2012
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Dow closes above 30,000 for first time in history on hopes of economic recovery under Biden
IIRC, Donald said the market would collapse if he wasn't re-elected... now, once he informally concedes, it hits a record milestone... but that's probably a coincidence.
Thoughts?
The Dow Jones Industrial Average hit a record high of 30,000 on Tuesday, a symbolically significant benchmark in a year that has been whipsawed by the economic fallout of the coronavirus pandemic and a bruising election cycle.
The Dow rose by over 450 points to close the day at 30,045, a record high for the blue-chip index. The S&P 500 and the Nasdaq Composite both climbed by around 1.5 percent.
Wall Street's rally came a day after the Trump administration agreed to start the transition process to President-elect Joe Biden, giving him access to millions of dollars in federal funds and other resources to begin his transition to power.
IIRC, Donald said the market would collapse if he wasn't re-elected... now, once he informally concedes, it hits a record milestone... but that's probably a coincidence.
Thoughts?