The Dow Jones Industrial Average surged past 30,000 points for the first time in history Tuesday, a day after the Trump administration finally agreed to start the transition process to President-elect Joe Biden.
Investors also appeared encouraged by a series of hopeful developments in the race for a coronavirus vaccine and news that Biden has selected former Federal Reserve chairwoman Janet Yellen as treasury secretary. The Brooklyn-born labor economist is well-liked by Democrats and Republicans and has been working on fiscal policy for decades.
The jump of nearly 500…
