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Added on the 26/01/2017 17:56:09 - Copyright : RT Ruptly EN
US equities soared on Tuesday on the heels of President-elect Joe Biden's victory. The General Services Administration confirmed it would provide the "resources and services" needed to start Biden's transition. According to Business Insider, it's a clear sign that the Trump campaign has accepted its loss in the 2020 race. The typically seamless process has been mired down by President Donald Trump's legal challenges to the election's outcome. The Dow Jones industrial average surged above 30,000 for the first time, ever marking a rapid comeback after sinking in March.
New York (USA), Nov 24 (EFE / EPA) .- (CAMERA: Alba Vigaray) The main Wall Street indicator, the Industrial Dow Jones, reached 30,000 points Tuesday for the first time in its history and registered a record intraday on a day marked by the beginning of the transition of power from the outgoing US president, Donald Trump, to the elect, Joe Biden.
US stocks closed at record highs on Wednesday after President Joe Biden was sworn into office. Tech stocks drove the market following an optimistic earnings report from Netflix. According to Business Insider, the Netflix report sent shares soaring nearly 20%. Tech shares didn't stop with Netflix, Alphabet rose to an all-time high with a 6% surge. Alibaba climbed 7% after it's founder, Jack Ma, made an appearance in a videoconference. Ma had not been seen in public for months prior to the call. Gold rose 1.57% on the news of the 46th President's inauguration to $1,869.10 per ounce.
The closing bell rings at the New York Stock Exchange after the Dow surged past 30,000 points for the first time as receding US political uncertainty and hopes for coronavirus vaccines offset worries over spiking Covid-19 cases. After crossing the threshold in mid-day trading, the blue-chip Dow Jones Industrial Average retreated a few times throughout the afternoon before closing at 30,046.24, up 1.5 percent. IMAGES
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