The Dow Jones Industrial Average rallied on Tuesday, breaking above 30,000 for the first time amid positive vaccine news, hope for a strong economic recovery in 2021 and easing of political uncertainty as the Trump administration approved the start of the presidential transition.
The 30-stock Dow surged 454.97 points, or 1.5%, to close at 30,046.24. At its high of the day, it traded at 30,116.51. Chevron rose 5% to lead the Dow higher. JPMorgan Chase and Goldman Sachs rose 4.6% and 3.8%, respectively.
“This is yet another reminder of how far stocks and the economy have come since the depths of March,” said Ryan Detrick, chief market strategist at LPL Financial, about the Dow’s milestone. “Although 30,000 isn’t much different than 29,999, there is something special about those big milestone numbers.”
This was due mainly from the Trump vaccine being ready so early but remember this number because if Biden is successful in cheating his way into the White House these will be the good ole days you tell your grandkids about and we will never see them again
I have been earning more daily than I did working for a week. It can’t last though and it has nothing to do with who’s president it’s just a wave that will break. Many devalued classic blue chip companies are regrouping abandoning out dated once steadfast commodity driven models and embracing new and emerging technologies and buying up smart small start ups to make up for years sitting on what they thought would last forever and not spending on research and development. The economy the Nation and the Culture is changing. You can cling to what you know nostalgically to be the good ole days which was a generated cultural and economic fantasy itself or you can roll with change and embrace the future and invest in it. It’s the best thing to do for your grandchildren. Bitching and moaning and stubbornly clinging to what you thought you knew in a changing world is boring keep up keep informed and invest wisely. Our thoughts and beliefs go to the grave with us but our money and what we do with it defines the future.
Been going up since Trump won in 2016 period