By Robert Schroeder
President Donald Trump on Tuesday twice touted the Dow Jones Industrial Average’s 30,000-point milestone, celebrating the stock index’s record but making no mention of conceding the election to Joe Biden.
Trump, who has rarely been seen in public since the Nov. 3 election, made a brief appearance in the White House briefing room to hail the Dow’s (DOW:DJIA) crossing 30,000.
“The stock market’s just broken 30,000 — never been broken, that number,” Trump said in an appearance that lasted about one minute. “That’s a sacred number, 30,000, and nobody thought they’d ever see it.”
The president took no questions from reporters in the briefing room or later, at the annual turkey pardon, where he also called the Dow’s rise a “tremendous achievement” and hailed the development of vaccines to fight COVID-19.
Trump’s administration has begun the transition process to President-elect Biden, but Trump himself hasn’t said he has lost the election. During the campaign, Trump said a victory by Biden would cause stocks to crash.
Progress toward a transition to the Biden presidency, as well as further news of progress on an effective remedy for COVID-19, helped the Dow’s rally on Tuesday, as MarketWatch reports .
Biden on Tuesday talked up working with other countries , as he formally rolled out his picks for national-security and foreign-policy positions