The stock market closes at a record high, defying the COVID 19-fueled recession battering the US economy. The S&*Tongue-in-cheek* 500, the broadest measure of U.S. Stocks, has rebounded from a deep slump this spring, driven by trillions of dollars in help from the Federal Reserve and Congress that are salvaging the economy. Ref. USAToday.
Dow closes above 30,000 for first time on news that Biden transition will begin and signs of progress for COVID vaccines Ref. USAToday.