You are here

US: Wall St jumps on Biden transition, Tesla tops US$500b in market cap


[NEW YORK] 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 per cent to cross US$500 billion in market capitalisation for the first time.

The Dow Jones Industrial Average rose 154.84 points, or 0.52 per cent, at the open to 29,746.11.

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


BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to