[ad_1]
Jakarta, CNBC Indonesia – United States (US) stock exchanges opened in positive territory on Tuesday (11/24/2020), welcoming news that the administration of US President Donald Trump delivered green for the transition to the Joe Biden administration.
The Dow Jones Industrial Average rose 300 points (+ 1%) at 8:30 a.m. local time (9:30 p.m. WIT) and 18 minutes later to 306.3 points (+ 1.03%) at 29,897.53. The S&P 500 index rose 22.6 points (+ 0.63%) to 3,600.21, but the Nasdaq fell 4.8 points (-0.04%) to 11,875.8.
Shares of Boeing and Chevron rose 3% and 2.6%, respectively, while the energy sector index took the lead with a jump of 2.8%.
The jump in the US stock index came after Public Service Chief Emily Murphy told President-elect Joe Biden that the Trump administration is providing the necessary resources for the transition in the White House.
Murphy declared the decision to follow up on Biden’s victory weeks after the November 3 presidential (pilpres) election. US President Donald Trump admitted in a tweet that he approved the measure even though he was still “fighting.”
Biden’s decision to appoint former Fed chair Janet Yellen to become finance minister also boosted positive sentiment among investors. If approved by the Senate, Yellen will become the first woman to hold the position in the United States.
“I think this is a strong sign that Biden will focus on rebuilding the economy rather than pushing for aggressive regulation … Yellen will be an effective voice for additional fiscal support,” said Ed Mills analyst Raymond James, as reported. appointment. CNBC International.
On Monday, the Dow Jones index rose more than 300 points, while the S&P 500 index gained 0.6% and the Nasdaq only 0.2%. The Russell 2000 Small Cap Stock Index rose 1.9%.
Investors welcomed the good news from AstraZeneca, which stated that the average efficacy of the vaccine reached 70%. This news is the positive result of the development of the Pfizer-BioNTech and Moderna vaccines.
The Covid-19 data is also still being seen. CNBC’s analysis report indicated that the daily average of new Covid-19 infections in the US on Thursday set a new record daily average of 170,855 in the past week.
CNBC INDONESIA RESEARCH TEAM
[Gambas:Video CNBC]
(ags / ags)
