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  • Dow Jones Industrial Average Hits 30000 for the First Time

    The Dow Jones Industrial Average jumped past 30000 for the first time Tuesday, the latest milestone in a postelection rally turbocharged by promising results from three potential coronavirus vaccines. The index of blue-chip companies gained more than 450 points in recent trading, or 1.5%, to push it to 30040. Earlier in the day, the Dow went above 30100, its highest intraday level in history. The rise beyond 30000 underscores this year's remarkable journey for the Dow...

  • RBNZ: New Zealand's Economy Relatively Resilient to Pandemic Shock

    WELLINGTON, New Zealand--New Zealand's economy has been "relatively resilient" to the shock of the coronavirus pandemic due to local containment of the virus and significant stimulus, the central bank said Wednesday. The bank, which released its regular report on financial stability, reiterated that it plans to reimpose restrictions on mortgage lending following an increase in high-risk lending. The bank's low-rates policy and removal of lending restrictions in March has...

  • Accelerating Rally in Oil Prices Signals Optimism About Global Growth

    A recent rise in oil prices continued on Tuesday, sending crude to its highest level since early March with investors wagering on a brighter economic outlook and higher demand for fuel. U.S. crude-oil futures for January delivery advanced 4.3% to $44.91 a barrel, rallying for the sixth time in seven sessions and eclipsing their peak closing level from late August. Oil started the year above $60, briefly tumbled below $0 for the first time ever in April as coronavirus shutdowns...

  • Dow Jones Industrial Average Hits 30000 for the First Time

    The Dow Jones Industrial Average jumped past 30000 for the first time Tuesday, the latest milestone in a postelection rally turbocharged by promising results from three potential coronavirus vaccines. The index of blue-chip companies gained more than 420 points in recent trading, or 1.4%, to push it to 30015. Earlier in the day, the Dow went above 30100, its highest intraday level in history. The rise beyond 30000 underscores this year's remarkable journey for the Dow...

  • Behind Dow 30000: A Self-Perpetuating Upward Cycle

    By Gunjan Banerji, Akane Otani and Michael Wursthorn. The U.S. stock boom has its roots in tactics that fund managers, small savers and Robinhood traders alike have applied over the past decade:. Don't hide from markets by hoarding cash.

  • Dow Jones Industrial Average Hits 30000 for the First Time

    The Dow Jones Industrial Average jumped past 30000 for the first time Tuesday, the latest milestone in a postelection rally turbocharged by promising results from three potential coronavirus vaccines. The index of blue-chip companies gained more than 480 points in recent trading, or 1.6%, to push it to 30075-- the Dow's highest intraday level in history. The rise beyond 30000 underscores this year's remarkable journey for the Dow industrials.

  • Dow Jones Industrial Average Hits 30000 for the First Time

    The Dow Jones Industrial Average jumped past 30000 for the first time Tuesday, the latest milestone in a postelection rally turbocharged by promising results from three potential coronavirus vaccines. The index of blue-chip companies gained more than 400 points in recent trading, or 1.4%, to push it to a recent 30015-- the Dow's highest intraday level in history. The rise beyond 30000 underscores this year's remarkable journey for the Dow industrials.

  • Dow Jones Industrial Average Hits 30000 for the First Time

    The Dow Jones Industrial Average jumped past 30000 for the first time Tuesday, the latest milestone in a postelection rally turbocharged by promising results from three potential coronavirus vaccines. The index of blue-chip companies gained 1.4% points in recent trading, more than 400 points, to push it to a recent 30001-- the Dow's highest intraday level in history. The rise beyond 30000 underscores this year's remarkable journey for the Dow industrials.

  • Dow Jones Industrial Average Climbs, Approaches Milestone

    U.S. stocks rose after President Trump said his aides would cooperate with President-elect Joe Biden's transition to the White House, easing investors' concerns about a drawn-out period of uncertainty. The Dow Jones Industrial Average rose 380 points, or 1.3%, to 29972, once again within reach of the 30000 level after hitting a record intraday high of 29996.17. The S&P 500 rose 1.3%, pointing to a second day of gains, while the Nasdaq Composite eased higher 1%.

  • Accelerating Rally in Oil Prices Signals Optimism About Global Growth

    A recent rise in oil prices continued Tuesday, putting crude on track for its highest close since early March with investors wagering on a brighter economic outlook and higher demand for fuel. U.S. crude-oil futures for January delivery advanced 2.9% to $44.32 a barrel, rallying for the sixth time in seven sessions and eclipsing their peak closing level from late August. Oil started the year above $60, briefly tumbled below $0 for the first time ever in April as coronavirus...

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