"This is yet another reminder of how far stocks and the economy have come since the depths of March," said Ryan Detrick, chief market strategist at LPL Financial, about the Dow's milestone. "Although 30,000 isn't much different than 29,999, there is something special about those big milestone numbers."
The Dow wasn’t the only major market average making history. The small-cap Russell 2000 index rallied 1.9% and hit a fresh all-time high. That gain put the Russell on pace for its best month ever, up more than 20% in November.
Meanwhile, Tesla reached a record valuation as its market cap topped $500 billion for the first time. Bitcoin is also approaching its all-time high, breaking above $19,000 and nearing its record around $20,000.
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