Nasdaq Closes Above 13,000, S&P and Dow Hit All-Time Highs, Bitcoin Breaks Over $ 40,000

Major averages hit record highs on Thursday when Congress confirmed the election of President-elect Joe Biden. The Nasdaq Composite closed above 13,000 for the very first time. The move accelerated Wednesday’s gains, despite unrest in Washington. Elsewhere, jobless claims were better than expected and bitcoin hit a new all-time high.