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Nov. 24, 2020 7:13 am
Stocks soar as Biden transition begins
"(CNN)Investors have a lot to be thankful for this holiday-shortened week, and stocks posted solid gains Tuesday to extend Monday's rally.
The Dow was up nearly 400 points, or 1.4%, in mid-morning trading. The blue chip index hit a new all-time high in the process and was closing in on the 30,000 mark.
The latest catalyst: It appears that a formal transition from President Donald Trump to President-elect Joe Biden is finally underway."
