Nov 24, 2020 - Economy

Dow hits 30,000 for the first time

A masked trader walks outside the New York Stock Exchange in early November

A trader outside the New York Stock Exchange in early November. (Photo: Angela Weiss/AFP via Getty Images)

The Dow Jones Industrial Average traded above 30,000 for the first time ever on Tuesday.

Between the lines: The milestone is symbolic — the Dow hitting 30,001, for instance, is no less significant. However, it underscores the stock market's meteoric rebound from the onset of the coronavirus pandemic: just 8 months ago, the Dow traded below 19,000.

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