EXPLAINER: Why the Dow topped 30,000 for the first time

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Set a new record, The Dow Jones industrial average has surpassed the 30,000 mark for the first time ever. NPR's gyms are early reports positive news about Corona virus vaccines have helped stocks power higher. The Dow remains the world's best known stock index by far so passing 30,000 for the first time. Sends a powerful message about the resurgence of the market stocks have taken a wild ride this year. The Dow came close to 30,000 and February and then fell back sharply after the coronavirus lockdowns began. Falling to 18,591 on March 23rd. But since then, the market is gradually come back, thanks in part to emergency lending program set up by the Fed and Congress. As states began easing lockdown requirements, The market came back even more, and it hit record highs amid news from Fizer and other drugmakers that vaccines they're developing have shown great promise in fighting the coronavirus. Jim's a roly NPR news. President

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