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NASDAQ Composite (^IXIC)
| Previous Close | 11,880.60 |
| Open | 11,939.33 |
| Volume | 1,672,109,639 |
| Day's Range | 11,863.45 - 12,049.88 |
| 52 Week Range | 6,631.42 - 12,108.07 |
| Avg. Volume | 3,839,993,230 |
- Reuters
Stocks rise as vaccines, Biden presidency lift global confidence
Asian stocks made early gains on Wednesday, following a world rally overnight that saw the Dow Jones benchmark crack 30,000 for the first time as investors cheered a dramatically improved global outlook. The main drivers of that exuberance were increasing confidence a COVID-19 vaccine would be ready soon and the formal start of U.S. president-elect Joe Biden's transition to the White House, which ends weeks of post-election political uncertainty. President Donald Trump's apparent willingness to comply with the formal transfer of power also boosted investor sentiment, following weeks of legal challenges to the election results.
- Reuters
GLOBAL MARKETS-Stocks rise as vaccines, Biden presidency lift global confidence
The main drivers of that exuberance were increasing confidence a COVID-19 vaccine would be ready soon and the formal start of U.S. president-elect Joe Biden's transition to the White House, which ends weeks of post-election political uncertainty. President Donald Trump's apparent willingness to comply with the formal transfer of power also boosted investor sentiment, following weeks of legal challenges to the election results. The General Services Administration told Biden this week that he could formally begin the handover process.
- Reuters
US STOCKS-Dow scales 30,000 on vaccine headway, Biden transition
U.S. stocks rallied on Tuesday and the Dow breached the 30,000 level for the first time, as investors anticipated a 2021 economic recovery on coronavirus vaccine progress and the formal clearance for President-elect Joe Biden's transition to the White House. Of the 11 major S&P sectors, 10 gained ground, led by economically sensitive stocks such as financials, materials and energy, while industrials hit a record. President Donald Trump finally gave the green light for the formal transfer of power to begin on Monday, a process that was delayed for weeks despite Democrat Joe Biden emerging as the clear winner in the U.S. elections.
