Dow 30,000 makes history, S&P hits fresh record on Yellen, vaccine optimism

U.S. equity markets rallied sharply Tuesday, catapulting the Dow Jones Industrial Average to above the 30,000 level for the first time as the S&P 500 also booked a fresh record.

Vaccine optimism combined with another solid read on U.S. home prices drove a broad market rally led by Dow members Chevron, JPMorgan and IBM.

Ticker Security Last Change Change %
CVX CHEVRON CORP. 95.65 +4.58 +5.03%
IBM INTERNATIONAL BUSINESS MACHINES CORP. 124.42 +4.33 +3.61%
JPM JP MORGAN CHASE & CO. 123.32 +5.45 +4.62%

President Trump, speaking at the White House, called the level a “sacred number.”

The rally was also supported by the likelihood that projected President-elect Joe Biden will formally appoint former Federal Reserve Chair Janet Yellen as his would-be Treasury secretary.

Ticker Security
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Dow Surpasses 30,000: What It Means for Real Estate Stocks

The stock market made history on Nov. 24 as the Dow Jones Industrial Average soared past 30,000 for the first time. On one hand, the number itself isn’t meaningful in the grand scheme of things, as it’s simply one gauge of the U.S. stock market. However, it suggests investors are increasingly bullish on the global economy’s prospects, thanks to a string of recent positive data on vaccines that could end the global COVID-19 pandemic.

That optimism has implications for real estate investors because that sector has been one of the hardest-hit by the outbreak. As the economy returns to normal, commercial real estate fundamentals and market values should improve, providing a further boost to stock prices across the sector.

A brutal year for real estate investors

Real estate stocks have been under immense pressure this year. The average real estate investment trust (REIT) had lost nearly 20% of its value

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Dow dips as Home Depot falls, Tesla up on S&P inclusion

Stocks opened mixed on Tuesday morning as investors weighed results from Home Depot and Walmart.

The Dow Jones Industrial Average dropped over 300 points or 1%, weighed down by the two Dow retail members. The S&P 500 also fell by the same amount.

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 29553.92 -396.52 -1.32%
HD THE HOME DEPOT INC. 272.53 -7.40 -2.64%
WMT WALMART INC. 152.09 -0.60 -0.39%
SP500 S&P 500 3592.85 -34.06 -0.94%

Home Depot shares were weaker despite a solid quarter after the home improvement chain noted expenses would rise by $1 billion as it works to bring on more employees. Walmart reported strong results, beating expectations as e-commerce sales jumped 79%.

WALMART SEES CORONAVIRUS BOOST

Tesla is a standout, rallying on word it will be added to the S&P 500 in December,

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Is It Time to Buy These 3 Dow Jones Stocks? Analysts Weigh In

Voting in the U.S. presidential election is over and the world eagerly waits to see whether incumbent president Donald Trump will win four more years in the White House, or whether Joe Biden will put an end to one of the most controversial presidencies in the United States’ history.

Although certain sectors would benefit from a President Donald Trump win, while other sectors would advance if Joe Biden wins, the pharmaceutical sector will be less affected either way. This is because everyone needs healthcare, especially these days with the COVID-19 pandemic still very much of a world-wide concern.

With this in mind, we used TipRanks’ database to identify three large pharmaceutical stocks from the Dow Jones industrial average that have considerable upside potential and that have been endorsed by the analyst community. Let’s take a closer look. 

Amgen (AMGN)

First up we have Amgen, a leading biotechnology company with a

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Dow Falls as Virus Cases Surge; Tech Gets Lift From AMD’s Buy of Xilinx

Stocks were mixed Tuesday following the S&P 500’s biggest loss in a month after Advanced Micro Devices’ agreement to acquire chipmaking rival Xilinx for $35 billion overshadowed a surge in coronavirus infections.



a stop sign: Dow Falls as Virus Cases Surge; Tech Gets Lift From AMD's Buy of Xilinx


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Dow Falls as Virus Cases Surge; Tech Gets Lift From AMD’s Buy of Xilinx

The Dow Jones Industrial Average fell 147 points, or 0.53%, to 27,537, the S&P 500 slipped 0.15% and the Nasdaq was up 0.5%.

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Stocks in the energy, industrial and financial sectors were leading te Dow and S&P 500 markets lower.

Xilinx was rising 7.62% to $123.28 in trading Tuesday. AMD was down 4.66% after announcing the acquisition and reporting third-quarter earnings that beat Wall Street forecasts.

AMD Buys Xilinx for $35 Billion, Posts Better-Than-Expected Profit

Consumer confidence came in worse than forecast in October as the U.S. saw a resurgence in coronavirus infections and Americans worried the outbreak could weigh

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