Traders were also encouraged to see that Biden had selected, a widely respected former Federal Reserve chair, as treasury secretary. The Dow rose more than 450 points, or 1.5%, to cross the milestone. The S&P 500 index, which has a far greater impact on 401 accounts than the Dow, rose 1.6%, climbing to its own all-time high.
“We are one step closer to moving past the election uncertainty,” said Lindsey Bell, chief investment strategist at Ally Invest. “People are still optimistic about what 2021 has to bring, from an economic perspective and an earnings perspective.” Traders continued to favor stocks that stand to gain the most from a gradual reopening of the economy, such as banks and industrial companies. Technology and communication stocks, which have been investor favorites through the pandemic, also helped lift the market.
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DowJones30000 Collapse of HouseOfCards stockmarkets will hurt UnitedStates more than covid19 syndemic.
Vaccine news President Trump. Warp speed Never been done But by him Congratulations Mr President Trump Love you 😍
THIS is what the vaccine is for. Not to help actual people.
Operation Warp Speed President Trump great achievement One of many
America last
Wall Street soars while Main Street is stagnated.
Welcome to the new US dictatorship
This is not UnitedStates world wide No way Americans who have no food or pay rent r investing it is Corporate welfare Bums from washingtonpost JeffBezos CNBCClosingBell business warnerbros ViacomCBS CNNBusiness Disney BillGates wolfblitzer AymanM& peterbakernyt
So the stock market didn’t crash when Biden was elected?
Operation warp speed
BretBaier Stop trying to somehow give Biden credit. The Dow was flirting with 30k before the pandemic.
BretBaier Market up because of the vaccines, despite Biden.
BretBaier It went up cause Wall Street now knows trump is leaving
They see then SCOTUS writing on the wall.
the millions forced into poverty this year send their best regards to wall street. 🥂
Bitcoin outperforming all...
BretBaier Asian shares rising because they know they can roll Biden.
while small business is destroyed, large corporations will prosper during the pandemic
Leftists:
Economic lesson from 2020: Tackle the pandemic and the economy recovers. Ignore the pandemic and the economy plunges.
BretBaier That's kind of like saying wearing a mask AND social distancing lol
BretBaier Thank you President Trump
BretBaier No...on how easy they think it will be to roll Biden.
250,000 people are dead 2,000 deaths/day 200,000 cases/day We're doing great!
Lol and Trump thinks it’s because of him being popular somehow. 🤣
BretBaier
The frustration caused by the pandemic led to a situation of hopelessness. The so called vaccines have given hope. The beneficiaries have been the gap galloping markets. It is counting the chickens before they have hatched. Time will reveal the truth.
Trump: “if Biden is elected, the stock market will crash. America will never recover. Only *I* can fix it!”
BretBaier Investors in the buying mood or companies awaiting bail outs while mom & pop restaurants suffer in Los Angeles unable to eat outside just absurd
Trump’s American’s
Thank you, President Trump!
The prospect of stability breeds prosperity.
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