11/24/2020, 4:27 PM (Source: TeleTrader)
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Dow surges 400 points, surpasses 30,000 points

The Dow Jones surged almost 400 points on Tuesday to reach a new record high as the uncertainty surrounding the presidential elections continued to narrow in favor of President-elect Joe Biden.

The General Services Administration notified Biden yesterday that he will be able to begin the formal transition process, granting him access to federal funding.

The Dow Jones jumped 1.25% or 375 points at 10:30 am ET, while the Nasdaq 100 rose 0.10%. A minute later, the S&P 500 increased by 0.88%. Meanwhile, the euro gained 0.22% to sell for $1.18644.

Breaking the News / ND