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Donald Trump’s approval of the transition, meaning normalcy and the peaceful transfer of power, has prompted new growth in capital markets. The Dow Jones Industrial Average broke the 30,000 point mark for the first time in history on Tuesday.
The pre-pandemic high, recorded in February, was just over 29,500 points. Compared to the fall in March, when it fell below 20,000 points, this is an increase of over 50%.
At least in recent times there have been sustained increases, generated either by the clarification of the US elections or by any good news about a vaccine. The US stock market has now reached a record high, although the economy is not quite as happy. Analysts estimate that the recovery of the economy to the pre-pandemic level will occur within a year.
The new York Times writes that Wall Street, which stands up for the second consecutive day, is also reacting to news that President-elect Joe Biden will appoint Janet Yellen, the former head of the Federal Reserve, to head the Treasury.
Publisher: Luana Pavaluca
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