Stocks open higher as Dow makes another run at 30,000 mark

U.S. stocks opened higher on Tuesday as president-elect Joe Biden was given the go-ahead to start his transition, easing uncertainty around what further delays to his transition could mean for the economy. The blue-chip Dow Jones Industrial Average index /zigman2/quotes/210598065/realtime DJIA -0.57% rose 265 points, or 0.9%, to 29,856. The S&P 500 /zigman2/quotes/210599714/realtime SPX -0.30% added 22 points, or 0.6%, to 3,599. The Nasdaq Composite /zigman2/quotes/210598365/realtime COMP +0.09% gained 17 points, or 0.1%, to 11,897. In a holiday-truncated week, the Dow is looking to break through the key 30,000 level. In corporate news, shares of J.M. Smucker /zigman2/quotes/203835894/composite SJM +0.72% rose after it lifted sales guidance on Tuesday.

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Add to watchlist DJIA

Dow Jones Industrial Average

US : Dow Jones Global

30,996.98

-179.03 -0.57%

Volume: 436.04M

Jan. 22, 2021 4:59p

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S&P 500 Index

US : S&P US

3,841.47

-11.60 -0.30%

Volume: 2.29B

Jan. 22, 2021 4:59p

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NASDAQ Composite Index

US : U.S.: Nasdaq

13,543.06

+12.15 +0.09%

Volume: 5.51M

Jan. 22, 2021 5:16p

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J.M. Smucker Co.

US : U.S.: NYSE

$ 114.24

+0.82 +0.72%

Volume: 1.01M

Jan. 22, 2021 4:00p

P/E Ratio

14.80

Dividend Yield

3.15%

Market Cap

$13.03 billion

Rev. per Employee

$1.07M