The Dow Jones Industrial Average rallied on Tuesday, breaking above 30,000 for the first time as this month’s rally in beaten-down value stocks continued to pick up steam amid positive vaccine news and hope for a strong economic recovery.
The Dow Jones Industrial Average traded higher by 436 points, or 1.5%, and breached the 30,000 level for the first time. Tuesday’s rally also put the Dow up more than 13% for the month and on track for its biggest monthly gain since 1987. The S&P 500 climbed 1.5%, putting it on pace for a record closing high, and the Nasdaq Composite advanced 1%.The small-cap Russell 2000 also hit an all-time high.
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