Posted on 11/23/20
| News Source: FOX Business
The Dow Jones Industrial Average climbed 330 points, or 1.13%, led by gains in Boeing, Chevron and Goldman Sachs.
Cruise operators and airlines were among the top performers in the S&P 500, which finished higher by 0.57%, after AstraZeneca became the third drugmaker to release positive news regarding a COVID-19 vaccine.
The tech-heavy Nasdaq Composite added 0.22%, but underperformed as mega-cap tech stocks such as Apple, Microsoft, Facebook and Google lagged their peers.
YELLEN TO HEAD TREASURY
Biden is expected to name Yellen, who served as Federal Reserve chair under former President Barack Obama, as his pick before Thanksgiving, according to The Wall Street Journal. She would need a simple 51-vote majority to receive Senate approval.