(New York, NY) — The Dow Jones Industrial Average is trading above 30-thousand for the first time.
President Donald Trump called 30 thousand a “very sacred number” and claimed it is the 48th time that his Administration has broken stock market records. He said he is very thrilled with breakthroughs on the coronavirus vaccine front.
The news of the peaceful transition of power is officially underway helped stocks climb this morning. Investors are also welcoming news former Fed Chair Janet Yellen is reportedly the choice to be the first woman to lead the Treasury Department.
The record high comes during a holiday week when the markets are traditionally subdued. The Nasdaq and S&P 500 are both trading higher as well on Wall Street.