Dow Jones closes above 30,000 for the first time in history

The major US stock benchmarks closed higher on Tuesday, amid optimism over the transition of power in the US, with Dow Jones closing above its all-time high after surpassing the 30,000 barrier.

Wall Street was lifted after President Donald Trump gave the green light for the transition of power to the president-elect Joe Biden's team, which is considered as a main step in Trump's official conceding of the election.

The state of Pennsylvania declared Biden the winner in the votes recount, which increased the president-elect's lead over Trump.

The Conference Board's US consumer confidence index fell to 96.1 points in November vs. 101.4 points in October, missing forecasts of 97.7 points.

To the oil market, WTI crude December futures rose 4.3% or $1.85, and closed at $44.91 a barrel, after hitting a high of $45.2 and a low of $42.8.

Brent January futures rose 3.7% or $1.72, and closed at $47.78 a barrel, after hitting a high of $48.03 and a low of $45.8.

As for stocks, Dow Jones rose 1.5% or 55 points, and closed at 30,046, after hitting a day high of 30,116, and a low of 29,746.

Nasdaq rose 1.3% or 156 points to 12,036, with a high of 12,049 and a low of 11,863.

S&P 500 rose 1.6% or 58 points to 3,635, after hitting a high of 3,642 and a low of 3,594.