Markets
Associated Press/Photo by Nicole Pereira/NYSE

Dow pushes past record 30,000 points

by Kyle Ziemnick
Posted 11/24/20, 05:34 pm

Good news about the development of COVID-19 vaccines and more certainty about the U.S. election have powered a month of gains on the stock market. The Dow Jones Industrial Average closed on Tuesday at 30,046 points, its highest close on record. Some investors cited President-elect Joe Biden’s announcement that he would nominate Janet Yellen to head the Treasury Department as another reason for the gains. President Donald Trump lauded the improvement at a brief news conference: “That’s a sacred number, 30,000, and nobody thought they’d ever see it.”

Read more

Associated Press/Photo by Mark Lennihan

Dow Jones hits record high

by Kyle Ziemnick
Posted 11/16/20, 06:14 pm

Two consecutive weeks of good news about COVID-19 vaccines boosted investors’ hopes. The Dow Jones closed at 29,950 points on Monday, an all-time record. The previous record was set in February before the pandemic hit. Since Oct. 30, the Dow has climbed more than 3,400 points.

Read more

Associated Press/New York Stock Exchange

Stocks dip after surprising rally

by Kyle Ziemnick
Posted 6/09/20, 04:21 pm

The S&P 500 reached an overall positive gain for the year on Monday despite a confirmed recession due to the coronavirus pandemic. But stocks around the world dropped on Tuesday, signaling caution from investors after a dramatic rise over the past two weeks. Some investors worry about a potential second wave of coronavirus cases, rising tensions with China, and the upcoming U.S. presidential elections.

Read more