Dow surges more than 400 points, closes above 30,000 for the first time ever; European markets close higher amid vaccine optimism and Biden transition progress; BELEX15 end with no changes
The Dow Jones Industrial Average rallied on Tuesday, breaking above 30,000 for the first time amid positive vaccine news, hope for a strong economic recovery in 2021 and easing of political uncertainty as the Trump administration approved the start of the presidential transition.
S&P 500 climbed 1.5%, putting it on pace for a record closing high, and the Nasdaq Composite advanced 1%.The small-cap Russell 2000 also hit an all-time high.
European stocks closed higher on Tuesday amid growing optimism that another effective coronavirus vaccine has been discovered, and on news that the Trump administration has accepted President-elect Joe Biden’s transition into office.
The pan-European Stoxx 600 gained 0.8% by the close, oil and gas stocks bouncing 4.3% to lead gains as almost all sectors and major bourses entered positive territory. Health care stocks bucked the trend to fall 0.7%.
Official figures published Tuesday showed Germany’s economy grew by a record 8.5% in the third quarter. The sharp incline in GDP (gross domestic product) was revised upward from an initial flash estimate of 8.2% and followed a 9.8% drop in the second quarter as lockdown measures weighed on activity.
Shares of Norwegian real estate company Entra rose nearly 20% amid takeover speculation.
BELEX15 was absolutely flat, with no any change as 1.9% gain at Belgrade Airport was neutralized by 1.6% loss at Komercijana Banka. The bank was also the most active name with RSD 6.2m in volume.
Source: CNBC, Ilirika