All 3 major Wall Street indexes hit record highs after opening

(Image credit: ANGELA WEISS/AFP via Getty Images)

published 28 December 2020

All three major Wall Street indexes hit record highs Monday morning at the opening bell.

The Dow Jones Industrial Average shot up 306 points, or 1 percent, surpassing 30,500 in the process, CNBC reports. Meanwhile, the S&P 500 and Nasdaq Composite rose 0.9 percent and 0.4 percent, respectively.

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Despite Trump's implied veto threats, not everyone was so worried. Per CNBC, Tom Essaye, founder of the Sevens Report, wrote "all the bluster neither significantly changed" the outlook for stocks, as markets expected the bill to pass. With federal stimulus, Federal Open Market Committee stimulus, vaccine rollout, and "no double-dip recession," Essaye said he expects the medium and longer-term outlooks for stocks to remain "positive." Read more at The Wall Street Journal and CNBC.

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Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.

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