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News Highlights: Top Global Markets News of the Day

11/24/2020 | 11:16pm
Dow Jones Industrial Average Crosses 30000 for First Time 

The latest rise for the blue-chip index was powered by investors' bets that scientists are on the brink of pushing through a coronavirus vaccine effective enough to help the economy build on a fragile recovery.

Biden Transition Moves Quickly After Trump Agrees to Share Resources 

The White House paved the way for President-elect Joe Biden to receive the president's daily intelligence brief as transition officials started reaching out to agency officials after the Trump administration said it intended to begin cooperating with Mr. Biden's team.

U.S. Covid-19 Hospitalizations Pass 85,000 

The U.S. recorded 169,190 new coronavirus cases on Monday, and the number of patients hospitalized reached a new high for the 14th straight day.

Federal Reserve Can Restart Emergency Lending If Needed, New York Fed's Williams Says 

The Fed is well prepared to navigate the U.S. economy's challenging path to recover from the effects of the coronavirus pandemic and can resume emergency lending if it deems it necessary, Federal Reserve Bank of New York President John Williams said Tuesday.

Glitches Hit Trading Platforms Run By Bank of America, TD Ameritrade, Vanguard 

The popular platforms suffered glitches that rendered them inaccessible or slow to use, frustrating investors on a landmark day for the U.S. stock market.

Oil Price Rally Signals Optimism on Global Growth 

A recent rise in oil prices continued on Tuesday, sending crude to its highest level since early March with investors wagering on a brighter economic outlook and higher demand for fuel.

How Janet Yellen as Treasury Secretary Strengthens Biden's Hand 

Janet Yellen brings a lot to the table, and her transition to the Treasury a relatively easy one.

Gig Workers Could Be Paid Partially in Stock Under SEC Proposal 

The proposed rule would allow internet-based platform companies to pay as much as 15% of a gig worker's compensation in the form of equity, up to $75,000 over three years.

Consumer Confidence Dropped in November 

Consumers' views of the economic outlook soured in November as coronavirus cases soared across the country, according to survey data released Tuesday.

Vaccine Hopes Send Record Funds to Emerging Markets 

The amount of money flowing into emerging-market funds last week hit an all-time high, as advances in vaccine development and a weaker dollar boosted investors' risk appetite.

(END) Dow Jones Newswires

11-24-20 2315ET

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