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How major US stock indexes fared Tuesday

1 month ago   |   By Chron

Stocks closed broadly higher on Wall Street Tuesday, sending the Dow Jones Industrial Average above 30,000 points for the first time.
The S&P 500 also climbed to an all-time high, fueled by optimism about the development of coronavirus vaccines and news that the transition of power in the U.S. to President-elect Joe Biden has begun.
Traders were also encouraged to see that Biden had selected Janet Yellen, a widely respected former Federal Reserve chair, as treasury secretary.
On Tuesday:
The S&P 500 index rose 57.82 points, or 1.6%, to 3,635.41.
The Dow gained 454.97 points, or 1.5%, to...
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The Dow Surpasses 30,000 For 1st Time Ever

1 month ago   |   By NPR

The Dow Jones Industrial Average has surpassed the 30,000 mark. This year, stocks plunged after pandemic lockdowns but came back after drugmakers reported success in developing coronavirus vaccines.
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Dow closes above 30,000 for the first time ever on Biden-transition rally

Dow closes above 30,000 for the first time ever on Biden-transition rally

1 month ago   |   By Business Insider

Summary List Placement
US equities jumped on Tuesday after the General Services Administration's ascertainment of President-elect Joe Biden's victory lifted investor sentiments.
The Dow Jones industrial average climbed above 30,000 for the first time, marking a rapid comeback after the index sank as low as 18,213 in March.
The GSA announced Monday afternoon that it would provide the "resources and services" needed to start Biden's transition to the White House. It's the clearest sign yet that the Trump campaign accepted its loss in the 2020 race.
Bitcoin surged above $19,000 for the first...
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Billionaire investor Byron Wien says the stock market may be getting ahead of itself as the Dow passes 30,000 - but tells long-term investors not to worry

Billionaire investor Byron Wien says the stock market may be getting ahead of itself as the Dow passes 30,000 - but tells long-term investors not to worry

1 month ago   |   By Business Insider

Summary List Placement
Billionaire investor Byron Wien told CNBC that the stock market may be getting ahead of itself as the Dow passed 30,000 for the first time ever on Tuesday.
"I'd have a degree of caution here," Wien said. "But I think we're in a long-cycle that's going to last several years."
The Blackstone Advisory Partners vice chairman said the economy will continue to expand and long-term investors will be rewarded if they're "patient."
Visit Business Insider's homepage for more stories .
Billionaire investor Byron Wien told CNBC that the stock market may be getting ahead of...
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Dow closes above 30,000 for the first time ever on Biden-transition rally

1 month ago   |   By Business Insider

Getty Images / Scott Olson
US equities jumped on Tuesday after the General Services Administration's ascertainment of President-elect Joe Biden's victory lifted investor sentiments. The Dow Jones industrial average climbed above 30,000 for the first time, marking a rapid comeback after the index sank as low as 18,213 in March. The GSA announced Monday afternoon that it would provide the "resources and services" needed to start Biden's transition to the White House. It's the clearest sign yet that the Trump campaign accepted its loss in the 2020 race. Bitcoin surged above $19,000 for the...
Read more ...

 

Billionaire investor Byron Wien says the stock market may be getting ahead of itself as the Dow passes 30,000 - but tells long-term investors not to worry

1 month ago   |   By Business Insider

Brendan McDermid/Reuters
Billionaire investor Byron Wien told CNBC that the stock market may be getting ahead of itself as the Dow passed 30,000 for the first time ever on Tuesday. "I'd have a degree of caution here," Wien said. "But I think we're in a long-cycle that's going to last several years." The Blackstone Advisory Partners vice chairman said the economy will continue to expand and long-term investors will be rewarded if they're "patient." Visit Business Insider's homepage for more stories. Billionaire investor Byron Wien told CNBC that the stock market may be getting ahead of...
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'Whole market will go up' next year, says Wharton professor Jeremy Siegel

1 month ago   |   By CNBC

The Dow topped 30,000 for the first time on Tuesday, and professor Jeremy Siegel sees more gains ahead.
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Dow 30,000 could draw in investors from the sidelines with more stocks participating in the next leg

1 month ago   |   By CNBC

The Dow's rally through 30,000 could draw in sidelined cash and broaden market leadership, as investors bet on financials and other underperformers.
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Dow hits 30,000 as Biden begins transition to White House-Here's what experts are watching

1 month ago   |   By CNBC

U.S. stocks rallied on Tuesday with the Dow Jones Industrial Average hitting the never-before-seen 30,000 level.
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EXPLAINER: Why the Dow topped 30,000 for the first time

1 month ago   |   By Chron

NEW YORK - Wall Street busted through its latest milestone Tuesday, when the Dow Jones Industrial Average topped 30,000 for the first time.
It's an attention-grabbing psychological threshold, and it's an encouraging signal that the market's rally is broadening beyond the handful of stocks that carried Wall Street through the pandemic. But the Dow at 30,000 means less to most investors' 401 accounts than the fact that broader market indexes are also at record highs.
Here's a look at how the Dow has rallied to its latest multiple of 10,000, the first time that's happened since January 2017...
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Trump Touts Dow Jones Hitting 30,000 After Biden Recognized As Apparent Winner

1 month ago   |   By Forbes

Rump touted 30,000 as a ‘sacred number' and credited progress made on coronavirus vaccine development.
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Dow crosses 30,000 for the first time ever

1 month ago   |   By Fortune

Happy Thanksgiving indeed.
The Dow Jones Industrial Average crossed the 30,000 threshold for the first time ever Tuesday, capping an astounding run from the depths of the pandemic last spring when the index bottomed out just above 18,000.
Investors were feeling optimistic on three fronts. First, vaccine optimism was flowing Monday with the announcement that a third candidate from AstraZeneca was up to 90% effective. Second, news late Monday that the Government Services Administration, which had been stalling the transition from the outgoing Trump Administration to the incoming Biden...
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The Dow has passed 30,000 for the first time ever

1 month ago   |   By Fast Company

The Dow's historic moment indicates increased confidence from investors, even though the measure's rise doesn't mean much for Main Street.
For the first time ever, the Dow Jones Industrial Average passed the 30,000 mark. It happened around 11:30 a.m. ET Tuesday.
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