Business

Elon Musk, Janet Yellen, GM, Best possible Purchase: Five Issues You Should Know

Here are five things you must know for Tuesday, Nov. 24:

1. — Stock Futures Rise as Biden Begins Transition

Stock futures traded higher Tuesday as President-elect Joe Biden was given the go-ahead to formally begin his transition and as he began filling out his cabinet.

Contracts linked to the Dow Jones Industrial Average rose 313 points, S&P 500 futures gained 29 points and Nasdaq futures were up 41 points.

One cabinet pick that Wall Street cheered was Biden’s reported nomination of former Federal Reserve Chair Janet Yellen as Treasury secretary. Yellen would be the first woman to lead the department. She also was the first woman to serve as Fed chair after her Senate confirmation in 2014.


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