The Dow Jones reaches 30,000 points for the first time at the beginning of the end of the ‘Trump era’

The main indicator on Wall Street, the Dow Jones of Industrials, has reached the historical level of 30,000 points this Tuesday, the first time it has achieved that level, in addition to registering an intraday record on a day marked by the beginning of the transition of power of the outgoing US president, Donald Trump , to the elect, Joe Biden.

At 11.35 local time (16.35 GMT), the selective rose 1.48%, 438.67 points, standing at 30,029 units, a figure never seen thanks to the impulse of large listed companies such as Boeing, JPMorgan Chase, Chevron, IBM o American Express.

The milestone, which returns the indicator to levels prior to the coronavirus pandemic, back in mid-March, has also been prompted by news about the high efficacy of experimental vaccines against Covid-19, which has instilled hopes of a return to normalcy in the coming months despite the alarming advance of the pandemic.

The psychological mark of 30,000 points shows the recovery of the group of the 30 largest securities in the US, which already accumulate joint gains of around 5% after the debacle of March, when the coronavirus crisis broke out.

This Tuesday on Wall Street relief was breathed, according to analysts, at the beginning of the transfer of powers in the US once the General Administration of Services has certified the victory of Biden in the last presidential elections.

Also, investors seem to have liked the potential nomination of the former head of the Federal Reserve (Fed) Janet Yellen as Secretary of the Treasury for Biden, according to various media.

And despite the nearly 12.4 million cases and 257,500 deaths from Covid-19, the market is buoyed by the high effectiveness of the AstraZeneca, Moderna and Pfizer vaccines, as well as the prospect of a vaccination campaign. in the country before the end of the year.

You may also like