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Dow Jones reaches a record high on the back of vaccine hopes, Biden transition

Dow Jones reaches a record high on the back of vaccine hopes, Biden transition

With financial markets across the globe rallying amid hopes for a coronavirus vaccine and a smooth transition to a Joe Biden presidency, the Dow Jones Industrial Average topped 30,000 for the first time. Investors are hoping that rapid medical advances will bring the COVID-19 pandemic to an earlier than expected end, paving the way for a swift economic rebound the coming year.

Tom A
Tom A
Randall
Randall 1 months

Countervailing issues. Vaccine advance a positive. Biden administration is not necessarily a positive for economics. Higher taxes and increased regulatory costs are not necessarily good for the economy. Hope's for a Republican Senate to blunt the democrats agenda is a positive.

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