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Dow Jones Tops 30,000 For First Time Ever As Biden Transition Points To More Stable Future

Added 11-24-20 02:29:01pm EST - “The Dow Jones crossed the 30,000 threshold for the first time ever Tuesday morning, fueled by news that suggests a more stable economy in the near future.” - Stlouis.cbslocal.com

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Posted By TheNewsCommenter: From Stlouis.cbslocal.com: “Dow Jones Tops 30,000 For First Time Ever As Biden Transition Points To More Stable Future”. Below is an excerpt from the article.

(CBSNewYork) — The Dow Jones Industrial Average crossed the 30,000 threshold for the first time ever on Tuesday morning. Morning trading saw the Dow up 400 points. Trading continued in that rarified air into the afternoon.

The rise is seen as reflecting the market’s optimism in a more stable future. Multiple different events have contributed to that view.

The General Services Administration is letting President-elect Joe Biden move forward with the formal transition process. This gives Mr. Biden access to key funding, office space, classified intelligence briefings and agencies. President Donald Trump also tweeted his recommendation that the process move forward.

…fight, and I believe we will prevail! Nevertheless, in the best interest of our Country, I am recommending that Emily and her team do what needs to be done with regard to initial protocols, and have told my team to do the same.

Additional key states have also certified their election results after weeks of deliberations. The Michigan Board of State Canvassers certified its election results Monday. That formalized President-elect Joe Biden’s victory in the state over President Trump, giving him Michigan’s 16 electoral votes. Tuesday morning Pennsylvania certified its election, with the state’s 20 electoral votes officially going to Biden.

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