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.

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Fresh off a $45.5 million sale, Rob Lowe reportedly picks up homes in Beverly Hills and Montecito

The actor Rob Lowe has traded in his massive oceanside retreat in Montecito, CA, for smaller purchases in Montecito and Beverly Hills, Variety reports.

The “Parks and Rec” star snapped up a spot in 90210 for $3.75 milliion in October. The Beverly Hills home hit the market in September for $3,695,000, and Lowe and his wife, Sheryl Berkoff, actually paid slightly over ask to get their dream home — or a dreamy investment property.

It’s quite the change from the grand digs they owned in the ritzy celebrity enclave near Santa Barbara. The couple sold their massive, custom-built estate in an off-market deal for $45.5 million.

However, the Beverly Hills buy was just one of more to come. The couple reportedly also used their spending power to snag a smaller Montecito fixer-upper for $5.2 million, Variety spotted. The dated 1970s decor seems to suggest they may not move into that

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Fresh Off Huge Sale, Rob Lowe Reportedly Picks Up Homes in Beverly Hills and Montecito

The actor Rob Lowe has traded in his massive oceanside retreat in Montecito, CA, for smaller purchases in Montecito and Beverly Hills, Variety reports.

The “Parks and Rec” star snapped up a spot in 90210 for $3.75 milliion in October. The Beverly Hills home hit the market in September for $3,695,000, and Lowe and his wife, Sheryl Berkoff, actually paid slightly over ask to get their dream home—or a dreamy investment property.

It’s quite the change from the grand digs they owned in the ritzy celebrity enclave near Santa Barbara. The couple sold their massive, custom-built estate in an off-market deal for $45.5 million.


However, the Beverly Hills buy was just one of more to come. The couple reportedly also used their spending power to snag a smaller Montecito fixer-upper for $5.2 million, Variety spotted. The dated 1970s decor seems to suggest they may not move into that one

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Friendly’s seeks fresh start with bankruptcy and $1.9M sale

WILBRAHAM — Friendly’s and its private equity firm owners are using federal bankruptcy courts to sell the struggling restaurant chain to a Texas investment company for just $1.9 million.

It’s a deal both sides say should allow the iconic brand best known for ice cream cones, Fribble milkshakes and Big Beef burgers to continue and for “thousands” of employees of the Springfield-founded chain to remain employed.

But the deal doesn’t involve the Friendly’s business that sells ice cream products to supermarkets or the ice cream plant on Route 20 in Wilbraham. Those businesses are now owned by the co-operative Dairy Farmers of America.

Friendly’s and its soon-to-be former owners, Sun Capital, foreshadowed the move with a series of real estate deals last month, including selling off closed locations in the Forest Park section of Springfield and in Lee, Massachusetts, and Bennington, Vermont.

The new owner, according to court documents, is

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AUD/USD drops back towards 0.7100 amid fresh US dollar buying

  • AUD/USD follows US dollar dynamics amid quiet trading.
  • Risk sentiment sours on US stimulus woes, virus contagion.
  • Focus remains on US stimulus news, sentiment on Wall Street.

Having faced rejection once again near the 0.7140 region, AUD/USD witnesses fresh selling wave and drops back towards the 0.7100 level on Monday, courtesy of the resurgent US dollar demand across the board.

The risk sentiment is seeing a fresh knockdown, as the Asian equities and US stock futures drop amid a pick-up in coronavirus contagion globally, with Europe worst-hit by the second wave. Investors scurry up to the safe harbor greenback also as the delay in reaching a US fiscal stimulus deal keeps them on the edge.

US House Speaker Nancy Pelosi continued to remain optimistic on the stimulus talks but it seems markets are not buying into the false hopes, as the odds of the US policymakers striking a deal before

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