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Wall Street continues unstoppable and the Dow Jones conquers 30,000 points for the first time



The Dow Jones touched 30,000 points this Tuesday for the first time in its history. This new high comes after advancing more than 13% so far in November. If you continue with this rhythm in the next sessions it will close his best month since 1987. The New York Stock Exchange ended Tuesday with gains of 1.5% on average (Dow Jones + 1.54%; S&P 500 + 1.62%; Nasdaq + 1.31%)

The new record comes as the country prepares for the change of power in the White House. Donald Trump will not finally immolate himself in the Oval Office. And Wall Street smiles.

Own Trump has recognized in his profile Twitter who has approved this movement but not before remembering that "I will continue to stand up" even after his reelection campaign has failed to challenge the victory of Biden.

In matters of monetary policy, Joe biden has announced that he will nominate the ex-Fed, Janet yellen, to become the new Secretary of the Treasury replacing Steven Mnuchin. The market sees it as a wise choice and remembers that Yellen has come from overseeing a long period of economic expansion characterized by very low rates and a good amount of fiscal stimulus.

In the business world, Tesla once again captures all eyes. After closing Monday's session with significant gains and setting new all-time highs has exceeded $ 500 billion in market value and its shares are multiplied by six so far this year.

Tesla's increasingly endless rally has placed Elon Musk as the second richest person in the world after overtaking Bill Gates. The CEO of Tesla has a net worth of $ 127.9 billion. According to the list of billionaires published by Bloomberg, 75% of Musk's assets correspond to Tesla shares

Despite this and the positive advances in vaccines against the virus, entities such as Goldman sachs Y JP Morgan has recently revised its outlook for the US economy downward. As a reminder, this Thursday Wall street will be closed for Thanksgiving, and on Friday it will open but for a shorter period of time than usual.

On the other side of the Atlantic the Ibex 35 again exceeds 8,000 points and, finally, in Asia, the stock markets have mostly closed in green despite the 2.5% falls registered in the Nikkei 225 Japanese.

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