Dow rallies more than 400 points to surpass 30,000 for the first time

Dow rallies more than 400 points to surpass 30,000 for the first time

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.

The post Dow rallies more than 400 points to surpass 30,000 for the first time appeared first on Populist Press.

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