Trump Hails U.S. Economy as Dow Tops 30,000 Points for the First Time

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    Speculation that vaccines and a possibly peaceful presidential transition are steps toward normalization in the economy ignited another rally in shares ravaged by the pandemic, pushing the Dow Jones Industrial Average past 30,000 for the first time. Boeing Co., a chronic drag on the 124-year-old index most of the year, surged as much as 5%, while JPMorgan Chase & Co., American Express Co. and Chevron Corp. climbed at least 3%. Gains outside the blue-chip benchmark were even bigger: American Airlines Group Inc. and Carnival Corp. jumped more than 8% while movie theater operator AMC Entertainment Holdings Inc. jumped 15%. Once a laggard, the Dow and its cyclical components have shot up 13% since Halloween, putting it on track for the best month since 1987. Gains in the world’s most-famous equity index mirror a profound market reordering in November, when growing optimism about an economic reopening pushed up industries like energy and banking that suffered under stay-at-home restrictions and the policies enacted to cope with them. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake

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    Donald John Trump is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in Queens, a borough of New York City, and received a bachelor’s degree in economics from the Wharton School.

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