MDT - Wall Street Breakfast: Investors Get Thanksgiving Gift At Dow 30000
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Investors get Thanksgiving gift at Dow 30,000 The Dow Jones Industrial Average hit and closed above 30,000 on Tuesday for the first time since its inception in 1896. Vaccine sentiment reignited the recovery rally on hope that the economy will soon get back to normal, and was topped off by the GSA clearing the way for a presidential transition process and reports that Janet Yellen could head up the Treasury. Who would've thought this in April? The climb has been astounding given that it took 18 years for the index to get from 10,000 to 20,000, but less than four years to climb from that level to 30,000 (and that was with the coronavirus pandemic). Catalysts that were also supposed to put a break on the
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Wall Street Breakfast: Investors Get Thanksgiving Gift At Dow 30,000