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Wall Street jumps on Biden transition, Tesla tops $500 billion in market cap

Wall Street jumps on Biden transition, Tesla tops $500 billion in market cap

Wall Street jumps on Biden transition, Tesla tops $500 billion in market cap
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By Reuters Nov 24, 2020 8:53:50 PM IST (Published)

The S&P 500 opened higher by 16.93 points, or 0.47 percent, at 3,594.52, while the Nasdaq Composite gained 58.70 points, or 0.49 percent, to 11,939.33 at the opening bell.

Wall Street opened higher on Tuesday as the formal go-ahead for President-elect Joe Biden's transition to the White House ended weeks of political uncertainty, while Tesla surged 3.3 percent to cross $500 billion in market capitalization for the first time.

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The Dow Jones Industrial Average rose 154.84 points, or 0.52 percent, at the open to 29,746.11.
The S&P 500 opened higher by 16.93 points, or 0.47 percent, at 3,594.52, while the Nasdaq Composite gained 58.70 points, or 0.49 percent, to 11,939.33 at the opening bell.
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