US President Donald Trump and Vice President Mike Pence appeared in the White House briefing room for a minute and 42 seconds to celebrate the performance of the stock market. Neither of them answered any questions from the press, at the conference, which was not on the president’s schedule today.
The Dow Jones Industrial Average traded above 30,000 today, for the first time, as investors encouraged recent progress in developing coronavirus vaccines and news that the transfer of power in the United States to President-elect Joe Biden will finally officially begin..
— The White House (@WhiteHouse) November 24, 2020
And the Associated Press wrote that traders were also encouraged by the news that Biden had chosen Janet Yellen, the highly respected former Federal Reserve chairperson, as his Treasury secretary..
The Dow Jones rose more than 400 points, or 1.4%, to trade just over 30K at midday ET..
Index roseS&P 500401, which had a much greater impact on retirement accounts (k) From the Dow Jones, by 1.3%.