Dow Surges Past 30,000 Points For 1st Time In Historic Milestone

The Charging Bull statue is shown in New York’s financial district on Sept. 8, 2020. The Dow surpassed 30,000 points for the first time after President Trump allowed the transition process to begin.

Mark Lennihan / AP

Not even the pandemic could keep the Dow from breaking a major milestone: the 30,000-point barrier.

The Dow Jones Industrial Average powered past 30,000 for the first time Tuesday after President Trump allowed the transition process to begin, even as he has yet to concede.

Investors had been growing worried that Trump’s refusal to allow proceedings to begin would hamper President-elect Joe Biden as he prepares to take office.