Skip to content
Subscriber Only

Back-to-Normal Rally Drives Dow Above 30,000 for First Time

  • Energy, financial shares lead market higher in recovery trade
  • Cyclical gains helping Dow catch up with tech-driven advance
Video player cover image
Dow Jones Crosses 30,000 for First Time
Updated on

Speculation that vaccines and a possibly peaceful presidential transition are steps toward normalization in the economy ignited another rally in shares ravaged by the pandemic, pushing the Dow Jones Industrial Average past 30,000 for the first time.

Boeing Co., a chronic drag on the 124-year-old index most of the year, surged as much as 5%, while JPMorgan Chase & Co., American Express Co. and Chevron Corp. climbed at least 3%. Gains outside the blue-chip benchmark were even bigger: American Airlines Group Inc. and Carnival Corp. jumped more than 8% while movie theater operator AMC Entertainment Holdings Inc. jumped 15%.