Dow moves above 30,000 for first time

New York — Speculation that vaccines and a possibly peaceful US presidential transition are steps towards normalisation in the economy ignited another rally in shares ravaged by the pandemic, pushing the Dow Jones Industrial Average past 30,000 for the first time.

Boeing, a chronic drag on the 124-year-old index most of the year, surged almost 5%, while JPMorgan Chase, American Express and Chevron climbed more than 3%. Gains outside the blue-chip benchmark were even bigger: American Airlines Group and Carnival surged more than 8% while movie theatre operator AMC Entertainment Holdings jumped 24%...

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