U.S. stocks finish higher as energy rallies

  • U.S. stocks finish higher as energy rallies

U.S. stocks finish higher as energy rallies

'And most importantly, I want to congratulate the people of our country, because there are no people like you'. Nobody thought they'd ever see it, ' said Trump.

Market participants said they expected United States stocks to climb even higher, with a recent Reuters poll showing the S&P 500 is poised to rise 9 percent between now and the end of 2021.

"The stock market Dow Jones Industrial Average just hit 30,000, which is the highest in history,"he stated".

"And it's the 48th time that we've broken records in during the Trump administration and I just want to congratulate all the people within the administration that worked so hard", he stated.

The President remarked that the 30,000 mark was a "sacred" milestone that economists never considered possible even in the best of financial times, much less in the thick of a pandemic.

Jordan Fabian, Bloomberg's White House correspondent, later tweeted: "One of the stranger presidential briefing room appearances", adding that Vice President Mike Pence was also present but did not say anything.

US President Donald Trump in a press briefing on Tuesday thanked his administration and the US public for the Dow Jones Industrial Average index crossing a historic 30,000 point level for the first time, as well as for the development of the coronavirus vaccine.

Three vaccine candidates have shown efficacy in phase three clinical trials, companies have announced this month.

USA officials said on Tuesday they plan to release 6.4 million COVID-19 vaccine doses nationwide in an initial distribution after the first one is cleared by regulators for emergency use.

Democratic presidential candidate Joe Biden has declared victory in the election, a claim bolstered by the certification on Monday by MI officials of the results there.

President Trump later shared a message from his campaign, highlighting the record as evidence of the "Great American Comeback".

As he finished, reporters tried to ask him about the transition to President-elect Joe Biden, but the president walked right out.